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European ADRs Move Higher in Thursday Trading


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American depositary receipts of European stocks were trading 0.27% higher at 123.28 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by biopharmaceutical firm DBV Technologies ( DBVT ) and financial services company Credit Suisse ( CS ), which rose 5.6% and 1.6% respectively. Telecommunications operator Telecom Italia ( TI ) and health care company Novartis ( NVS ) were up 1.6% and 1.3%.

The decliners in continental Europe were led by 3D printer maker Materialise ( MTLS ) and pharmaceutical company Oasmia Pharmaceutical (OASM), which fell 15.8% and 7.6% respectively. They were followed by telecommunications company Ericsson (ERIC) and biopharmaceutical company argenx (ARGX), which were off 3.9% and 2.2%.

In the UK and Ireland, the gainers were led by biopharmaceutical companies NuCana (NCNA) and Motif Bio (MTFB), which surged 8.3% and 7% respectively. They were followed by tobacco and consumer goods maker British American Tobacco (BTI) and Lloyds Banking Group (LYG), which were up 1.5% each.

The decliners in the UK and Ireland were led by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and mining company Rio Tinto (RIO), which lost 2.6% and 1.3% respectively.

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: DBVT , CS , TI , NVS , MTLS



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