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European ADRs Move Lower in Thursday Trading

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American Depositary Receipts of European stocks were trading 1.67% lower at 137.48 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by computer hardware company Logitech ( LOGI ), and genome engineering company Cellectis ( CLLS ), which rose 3.6% and 2%. They were followed by pharmaceutical firm Grifols ( GRFS ), and geophysical equipment maker CGG ( CGG ), which were up 1.1% each.

The decliners in continental Europe were led by semiconductor company Sequans Communications ( SQNS ), and Deutsche Bank (DB), which fell 4.9% and 4.1% respectively. They were followed by insurance firm Aegon (AEG), and telecommunications operator Telecom Italia (TI ), which dropped 3.4% and 3.2%.

In the UK and Ireland, the only gainers were medical equipment company Smith & Nephew (SNN), and Trinity Biotech (TRIB), which were up 0.6% and 1.5% respectively.

The decliners in the UK and Ireland were led by biopharmaceutical firm Adaptimmune Therapeutics (ADAP), and mining company Rio Tinto (RIO), which shed 6.6% and 4.1% respectively. They were followed by gene therapy company Nightstar (NITE), and Barclays Bank (BCS),which were down 3.6% and 3.5%.

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.


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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