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European ADRs Move Higher in Friday Trading


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American depositary receipts of European stocks were trading 0.76% higher at 135.96 on the Bank of New York Mellon Europe ADR Index on Friday.

In continental Europe, the gainers were led by internet browser company Opera ( OPRA ), and telecommunications infrastructure provider Ericsson ( ERIC ), which rose 6.3% and 3.5% respectively. They were followed by 3D printer company voxeljet ( VJET ), and semiconductor company STMicroelectronics ( STM ),which were up 3.0% and 2.9%.

The decliners in continental Europe were led by geophysical equipment compant CGG ( CGG ), and communications services firm VEON (VEON), which fell 3.1% and 1.3% respectively. They were followed by biotech companies MorphoSys (MOR), and argenx (ARGX), which were off 0.5% and 0.4%.

In the UK and Ireland, the gainers were led by biopharmaceutical firm Adaptimmune Therapeutics (ADAP), which surged 8.2%, followed by mining company BHP Billiton (BBL), construction materials supplier CRH (CRH), and biotech company Shire (SHPG), which rose 2.7%, 2.6%, and 2.2% respectively.

The decliners in the UK and Ireland were led by Midatech Pharma (MTP), which fell 6.4%, followed by biopharmaceutical company NuCana (NCNA), which dropped 3.7%. Consumer goods company British American Tobacco (BTI), and pharmaceutical firm Avadel (AVDL) were down 2.7% and 0.9% respectively.

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: OPRA , ERIC , VJET , STM , CGG



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