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European ADRs Move Higher in Monday Trading


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American depositary receipts of European stocks were trading 0.27% higher at 141.77 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by biotech company argenx ( ARGX ), and geophysical equipment company CGG ( CGG ), which rose 3.9% and 2.1% respectively. They were followed by semiconductor company STMicroelectronics ( STM ), and French biopharmaceutical company Cellectis ( CLLS ), which were up 1.9% and 1.6%.

The decliners in continental Europe were led by Italian oil and gas company Eni ( E ), and Italian telecommunications provider Telecom Italia (TI), which lost 1.8% and 1.2% respectively. They were followed by Spanish telecommunications provider Telefonica (TEF), and bank Banco Bilbao Vizcaya Argentaria (BBVA), which dropped 1.1% each.

In the UK and Ireland, the gainers were led by biopharmaceutical companies Midatech Pharma (MTP), and NuCana (NCNA), which rose 7.3% and 4.7% respectively. They were followed by airline operator Ryanair (RYAAY), and biopharmaceutical company GW Pharmaceuticals (GWPH), which were up 4.1% and 3.2%.

The decliners in the UK and Ireland were led by biopharmaceutical firms Akari Therapeutics (AKTX), and Motif Bio (MTFB), which fell 6.9% and 5% respectively. They were followed by mining company Randgold Resources (GOLD), and consumer goods company British American Tobacco (BTI), which dropped 1.5% and 1.1%.

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: ARGX , CGG , STM , CLLS , E


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