European ADRs Move Lower in Wednesday Trading

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American depositary receipts of European stocks were trading 0.10% lower at 1,058.86 on the BNY Mellon Europe Select ADR Index on Wednesday.

In continental Europe, the gainers were led by software firm SAP ( SAP ) and pan-African e-commerce platform Jumia Technologies ( JMIA ), which climbed 11% and 5.4% respectively. They were followed by biopharmaceutical firm DBV Technologies ( DBVT ) and 3D printer maker voxeljet ( VJET ), which were up 4.2% and 4%.

The decliners in continental Europe were led by furniture maker Natuzzi ( NTZ ) and internet browser company Opera (OPRA), which were down 4.5% and 2.6% respectively. They were followed by telecommunications operator Telecom Italia (TI) and oil and gas company Total (TOT), which lost 2.4% and 2.3%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL) and biotech firm Autolus Therapeutics (AUTL), which rose 5.3% and 3.1% respectively. They were followed by natural gas distributor National Grid (NGG) and analytics and information provider RELX PLC (RELX), which were up 1.2% and 0.8%.

The decliners in the UK and Ireland were led by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and mining company BHP Billiton (BBL), which fell 3.6% and 2% respectively. They were followed by mining company Rio Tinto (RIO) and biopharmaceutical firm GW Pharmaceuticals (GWPH), which dropped 1.8% 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.

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This article appears in: Investing , Stocks
Referenced Symbols: SAP , JMIA , DBVT , VJET , NTZ

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