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European ADRs Move Higher in Monday Trading


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American depositary receipts of European stocks were trading 1.43% higher at 125.74 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by biopharmaceutical company Grifols ( GRFS ), which surged 8.7%. It was followed by pharmaceutical company Oasmia Pharmaceutical ( OASM ), and semiconductor company STMicroelectronics ( STM ) which rose 7% and 6.2%.

The only decliners in continental Europe were biotech company Forward Pharma ( FWP ), which tumbled 11.6%, and semiconductor company Sequans Communications ( SQNS ), which lost 2.2%.

In the UK and Ireland, the gainers were led by banks HSBC (HSBC), Barclays Bank (BCS), and Royal Bank of Scotland (RBS), which rose 5.4%, 4.4%, and 4% respectively. They were followed by telecommunications operator BT Group (BT), which climbed 3.2%.

The decliners in the UK and Ireland were led by Verona Pharma (VRNA), which fell 2.9%. It was followed by airline operator Ryanair (RYAAY), and biopharmaceutical company Adaptimmune Therapeutics (ADAP), which were off 0.5% each.

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: GRFS , OASM , STM , FWP , SQNS



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