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European ADRs Move Lower in Friday Trading


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American depositary receipts of European stocks were trading 0.10% lower at 133.24 on the Bank of New York Mellon Europe ADR Index on Friday.

In continental Europe, the gainers were led by online dating site operator Spark Networks ( LOV ), which rose 6.8%, followed by biopharmaceutical firms argenx ( ARGX ), DBV Technologies ( DBVT ), and Biofrontera ( BFRA ), which rose 7.3%, 2.9%, and 2.1% respectively.

The decliners in continental Europe were led by biotech company Forward Pharma ( FWP ), and telecommunications provider Telecom Italia (TI), which fell 3.1% and 2.6% respectively. They were followed by pharmaceutical firm Oasmia Pharmaceutical (OASM), and geophysical equipment company CGG (CGG), which were down 2.4% and 4.1%.

In the UK and Ireland, the gainers were led by biopharmaceutical company Verona Pharma (VRNA), and biotech firm Shire (SHPG), which rose 5.1% and 2.5% respectively. They were followed by cruise line operator Carnival (CUK), and mining company Rio Tinto (RIO), which were up 0.9% each.

The decliners in the UK and Ireland were led by biopharmaceutical company NuCana (NCNA), and Trinity Biotech (TRIB), which lost 2.8% and 2.5% respectively. They were followed by biopharmaceutical companies Amarin (AMRN), and Akari Therapeutics (AKTX), which were off 2.9% and 2.1%.

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: LOV , ARGX , DBVT , BFRA , FWP



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