European ADRs Move Lower in Friday Trading

Shutterstock photo

American depositary receipts of European stocks were trading 0.15% lower at 125.74 on the Bank of New York Mellon Europe ADR Index on Friday.

In continental Europe, the gainers were led by 3D printer maker Materialise ( MTLS ), which climbed 4.8%, followed by medical equipment company Edap ( EDAP ), health care company Novo Nordisk ( NVO ), and biopharmaceutical firm MorphoSys ( MOR ), each of which rose 3%.

The decliners in continental Europe were led by biotech company Zealand Pharma ( ZEAL ) and network infrastructure provider Nokia (NOK), which fell 3.5% and 2.4% respectively. They were followed by electronics company Philips Electronics (PHG) and semiconductor company Sequans Communications (SQNS), which were off 2.1% and 1.9%.

In the UK and Ireland, the gainers were led by gene therapy company Nightstar (NITE) and airline operator Ryanair (RYAAY), which rose 2.7% and 1.7% respectively. They were followed by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and educational media company Pearson (PSO), which were up 1% each.

The decliners in the UK and Ireland were led by banks Lloyds Banking Group (LYG) and HSBC (HSBC), which fell 1.2% and 1% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and Barclays Bank (BCS), which lost 0.8% 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: MTLS , EDAP , NVO , MOR , ZEAL

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?