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European ADRs Move Higher in Monday Trading


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American depositary receipts of European stocks were trading 0.31% higher at 140.94 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by semiconductor company STMicroelectronics ( STM ), and pharmaceutical firm Oasmia Pharmaceutical ( OASM ), which rose 2.8% and 2.7% respectively. They were followed by hotel booking site Trivago ( TRVG ), and biotech company MorphoSys ( MOR ), which climbed 2.6% and 2.4%.

The decliners in continental Europe were led by online dating site Spark Networks ( LOV ), and medical equipment company Edap (EDAP), which fell 2.9% and 1.6% respectively. They were followed by Deutsche Bank (DB), and medical equipment and technology company Koninklijke Philips Electronics (PHG), which were off 0.7% and 0.1%.

In the UK and Ireland, the gainers were led by gene therapy company Nightstar (NITE), and biopharmaceutical firm GW Pharmaceuticals (GWPH), which rose 3.6% and 3.3% respectively. They were followed by biotech company Shire (SHPG), and biopharmaceutical company Adaptimmune Therapeutics (ADAP), which were up 3.3% and 2.6%.

The decliners in the UK and Ireland were led by airplane lessor Fly Leasing (FLY), and airline operator Ryanair (RYAAY), which lost 6.7% and 1.9% respectively, followed by cruise line operator Carnival (CUK), and alcoholic beverages company Diageo (DEO), which dropped 1% and 0.3%.

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: STM , OASM , TRVG , MOR , LOV



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