Markets

European ADRs Move Higher in Thursday Trading

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American depositary receipts of European stocks were trading 0.17% higher at 141.80 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by pharmaceutical Oasmia Pharmaceutical ( OASM ), and gene therapy company Cellectis ( CLLS ), which rose 8.3% and 2.8% respectively. They were followed by biotech firm argenx ( ARGX ), and kidney dialysis company Fresenius Medical Care ( FMS ), which were up 2.7% and 2.2%.

The decliners in continental Europe were led by geophysical equipment company CGG ( CGG ), and biopharmaceutical firm Forward Pharma (FWP), which fell 8% and 2.4% respectively. They were followed by pharmaceutical company Grifols (GRFS), and network infrastructure provider Nokia (NOK), which dropped 1.1% and 0.6% respectively.

In the UK and Ireland, the gainers were led by electricity and gas utility National Grid (NGG), and communications group WPP (WPP), which rose 3.4% and 2.6% respectively. They were followed by pharmaceutical company Avadel (AVDL), and media company Pearson (PSO), which were up 2.0% and 1.2%.

The decliners in the UK and Ireland were led by biopharmaceutical company Midatech Pharma (MTP), and biotech firm Shire (SHPG), which dropped 3.8% and 1.5% respectively. They were followed by insurance firm Prudential (PUK), and mining company Rio Tinto (RIO), which lost 0.5% and 0.4%.

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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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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