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European ADRs Move Lower in Friday Trading


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American Depositary Receipts of European stocks were trading 0.66% lower at 134.93 on the Bank of New York Mellon Europe ADR Index on Friday.

In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical ( OASM ), which surged 11.4%, followed by communications services provider VEON ( VEON ), biopharmaceutical company Forward Pharma ( FWP ), and semiconductor company STMicroelectronics ( STM ), which were up 0.7% each.

The decliners in continental Europe were led by telecommunications provider Telecom Italia ( TI ), and marketing firm Criteo (CRTO), which fell 4.1% and 2.1% respectively. They were followed by semiconductor company Sequans Communications (SQNS), and oil and gas company Eni (E ), which were off 2.1% and 1.7%.

In the UK and Ireland, the gainers were led by biopharmaceutical firm Midatech Pharma (MTP), which jumped 18.8%, followed by pharmaceutical company Avadel (AVDL), which climbed 3.5%. Gene therapy company Nightstar (NITE), and biopharmaceutical firm Adaptimmune Therapeutics (ADAP) were up 2.3% and 2.2%.

The decliners in the UK and Ireland were led by Trinity Biotech (TRIB), and pharmaceutical company AstraZeneca (AZN), which dropped 3.8% and 1.7% respectively. They were followed by Barclays Bank (BCS), and oil company BP (BP), which were off 1.6% and 1.5%.

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: OASM , VEON , FWP , STM , TI



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