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European ADRs Move Lower in Tuesday Trading


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American depositary receipts of European stocks were trading 0.88% lower at 134.46 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by furniture maker Natuzzi ( NTZ ), and semiconductor company STMicroelectronics ( STM ), which climbed 4.2% and 2.8% respectively. They were followed by semiconductor company Sequans Communications ( SQNS ), and communications services firm VEON ( VEON ), which rose 1.4% and 1%.

The decliners in continental Europe were led by pharmaceutical company Oasmia Pharmaceutical ( OASM ), and electronics company Philips Electronics (PHG), which lost 7.8% and 3.5% respectively. They were followed by gene therapy firm Cellectis (CLLS), and biopharmaceutical firm MorphoSys (MOR), which fell 2.9% and 3.4%.

In the UK and Ireland, the gainers were led by mining company Randgold Resources (GOLD), and pharmaceutical company Avadel (AVDL), which were up 1.5% and 1.4%. Tobacco and consumer goods company British American Tobacco (BTI), and mining company Rio Tinto (RIO) were up 1.1% and 0.3%.

The decliners in the UK and Ireland were led by biotech company Motif Bio (MTFB), and biopharmaceutical firm Akari Therapeutics (AKTX), which shed 9.3% and 4.3% respectively. They were followed by education publishing company Pearson (PSO), and biotech company Autolus Therapeutics (AUTL), which were down 3.7% and 1.6%.

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: NTZ , STM , SQNS , VEON , OASM



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