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European ADRs Move Higher in Thursday Trading


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American depositary receipts of European stocks were trading 0.47% higher at 141.82 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by biotech company argenx ( ARGX ), and biopharmaceutical company Ascendis Pharma ( ASND ), which rose 6.4% and 4.3% respectively, followed by biopharmaceutical firm Biofrontera ( BFRA ), and semiconductor company STMicroelectronics ( STM ), which climbed 4.2% and 3.9%.

The decliners in continental Europe were led by oil company Statoil ( STO ), and biopharmaceutical company Forward Pharma (FWP), which lost 1.7% and 0.9% respectively. They were followed by information and analytics firm RELX NV (RENX), and bank Banco Bilbao Vizcaya Argentaria (BBVA), which were off 0.8% and 0.6%.

In the UK and Ireland, the gainers were led by biopharmaceutical companies Akari Therapeutics (AKTX), and Adaptimmune Therapeutics (ADAP), which rose 5.9% and 3.9%, respectively. They were followed by biotech firm Shire (SHPG), and biopharmaceutical company Amarin (AMRN), which were up 3.4% and 2.7%.

The decliners in the UK and Ireland were led by biopharmaceutical company Verona Pharma (VRNA), and mining company Randgold Resources (GOLD), which dropped 7.9% and 1.6% respectively. They were followed by RELX PLC (RELX), a provider of information and analytics, which fell 0.8%.

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 , ASND , BFRA , STM ,



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