European ADRs Move Higher in Tuesday Trading

American depositary receipts of European stocks were trading 0.21% higher at 1,062.94 on the BNY Mellon Europe Select ADR Index on Tuesday.

In continental Europe, the gainers were led by Jumia Technologies (JMIA), a pan-African e-commerce platform, and biopharmaceutical firm DBV Technologies (DBVT), which rose 6.1% and 2% respectively. They were followed by financial services firm Credit Suisse (CS) and biotech company Forward Pharma (FWP), which were up 2% and 1.7%.

The decliners in continental Europe were led by semiconductor company Sequans Communications (SQNS) and biopharmaceutical company argenx (ARGX), which fell 2.5% and 2% respectively. They were followed by oil and gas company Eni (E) and biopharmaceutical company MorphoSys (MOR), which lost 1.6% and 0.7%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL) and biopharmaceutical company Akari Therapeutics (AKTX), which climbed 5% and 3.8% respectively. They were followed by Trinity Biotech (TRIB) and public relations firm WPP (WPP), which rose 3.6% and 2.6%.

The decliners in the UK and Ireland were led by software firm Endava (DAVA) and educational media company Pearson (PSO), which were off 4.5% and 1.6% respectively. They were followed by mining company Rio Tinto (RIO) and biotech firm GW Pharmaceuticals (GWPH), which dropped 1.1% and 0.3%.

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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