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European ADRs Move Higher in Monday Trading


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American depositary receipts of European stocks were trading 0.41% higher at 142.97 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by geophysical equipment company CGG ( CGG ), and pharmaceutical firm Oasmia Pharmaceutical ( OASM ), which rose 5.0% and 4.1% respectively. They were followed by healthcare company Novo Nordisk ( NVO ), and ASML ( ASML ), a manufacturer of chip-making equipment, which were up 2.0% and 1.8%.

The decliners in continental Europe were led by biopharmaceutical company Biofrontera ( BFRA ), and furniture make Natuzzi (NTZ), which fell 4.0% and 3.1% respectively. They were followed by 3D printer company voxeljet (VJET), and biotech company MorphoSys (MOR), which were off 1.9% and 1.6%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL), and biopharmaceutical Midatech Pharma (MTP), which were up 3.9% and 2.0% respectively. They were followed by oil company BP (BP), and biotech company Shire (SHPG), which rose 1.6% and 1.3%.

The decliners in the UK and Ireland were led by biopharmaceutical companies Akari Therapeutics (AKTX), and Verona Pharma (VRNA), which shed 8.3% and 2.5% respectively. They were followed by telecommunications company BT (BT), and construction materials supplier CRH (CRH), which were down 1.6% and 1%.

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

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This article appears in: Investing , Stocks
Referenced Symbols: OASM , NVO , ASML , BFRA



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