European ADRs Move Higher in Monday Trading

Shutterstock photo

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.

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

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

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?