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European ADRs Move Lower in Thursday Trading

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American Depositary Receipts of European stocks were trading 2.05% lower at 115.67 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by biotech company ERYTECH Pharma ( ERYP ), and furniture maker Natuzzi ( NTZ ), which climbed 15.8% and 5.9% respectively. They were followed by software firm Talend ( TLND ), and kidney dialysis company Fresenius Medical Care ( FMS ), which rose 2.4% and 0.6%.

The decliners in continental Europe were led by Deutsche Bank ( DB ), and hotel booking site Trivago (TRVG), which fell 6.5% and 3.8% respectively. They were followed by biopharmaceutical company argenx (ARGX), and telecommunications operator Telecom Italia (TI), which were down 3% and 1.7%.

In the UK and Ireland, the gainers were led by specialty pharmaceutical company Midatech Pharma (MTP), and pharmaceutical company Avadel (AVDL), which surged 19.2% and 14.4% respectively. They were followed by Trinity Biotech (TRIB), and airplane leasing company Fly Leasing (FLY), which were up 3.7% and 1%.

The decliners in the UK and Ireland were led by gene therapy company Nightstar (NITE), and biopharmaceutical company Amarin (AMRN), which fell 10.6% and 6.3% respectively. They were followed by biotech company GW Pharmaceuticals (GWPH), and telecommunications operator BT Group (BT), which dropped 5.7% and 2.6%.

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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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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