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European ADRs Move Higher in Tuesday Trading


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American Depositary Receipts of European stocks were trading 0.15% higher at 134.19 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by health care company Novo Nordisk ( NVO ), and communications services firm VEON ( VEON ), which rose 2.6% and 2.3% respectively. They were followed by online dating site operator Spark Networks ( LOV ), and computer hardware maker Logitech ( LOGI ), which were up 2.1% and 1.7%.

The decliners in continental Europe were led by biotech firm MorphoSys ( MOR ), and biopharmaceutical company Forward Pharma (FWP), which fell 4.2% and 2.1% respectively. They were followed by pharmaceutical company Ascendis Pharma (ASND), and internet browser company Opera (OPRA), which were off 2.7% and 2%.

In the UK and Ireland, the gainers were led by biopharmaceutical companies Motif Bio (MTFB), NuCana (NCNA), and Amarin (AMRN), which rose 9.8%, 1.9%, and 1.7% respectively. Mining company BHP Billiton (BBL) was up 1.6%.

The decliners in the UK and Ireland were led by mining company Randgold Resources (GOLD), and insurance firm Prudential (PUK), which lost 1.5% and 1.4% respectively. They were followed by telecommunications operator Vodafone Group (VOD), and biopharmaceutical company Midatech Pharma (MTP), which dropped 1.3% 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: NVO , VEON , LOV , LOGI , MOR



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