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European ADRs Edge Lower in Wednesday Trading


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American depositary receipts of European stocks were trading 0.03% lower at 129.62 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by biopharmaceutical company ERYTECH Pharma ( ERYP ) which rose 7.8%. It was followed by Logitech ( LOGI ) and bank Banco Santander ( SAN ), which were up 2.2% and 1.4%.

The decliners in continental Europe were led by biopharmaceutical company DBV Technologies ( DBVT ) and 3D printer company Materialise ( MTLS ), which fell 9.6% and 9% respectively. They were followed by biopharmaceutical company Ascendis Pharma (ASND) and financial services firm ING Groep (ING), which were off 5.4% and 3.6%.

In the UK and Ireland, the gainers were led by tobacco and consumer goods company British American Tobacco (BTI) and mining company BHP Billiton (BBL), which rose 3.2% and 1.2%. They were followed by analytics and information provider RELX PLC (RELX) and biopharmaceutical firm NuCana (NCNA), which were up 1.1% and 0.9%.

The decliners in the UK and Ireland were led by specialty pharmaceuticals firm Midatech Pharma (MTP) and biopharmaceutical company GW Pharmaceuticals (GWPH), which rose 4.9% and 3.2% respectively. They were followed by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and pharmaceutical firm Avadel (AVDL), which were off 3.2% and 3.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: ERYP , LOGI , SAN , DBVT , MTLS




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