European ADRs Nudge Higher in Monday Trading

Monday, February 22, 2021 11:10 AM | MT Newswires

American depositary receipts of European stocks were trading 0.15% higher at 1,063.13 on the S&P/BNY Mellon Europe Select ADR Index on Monday.

In continental Europe, the gainers were led by hotel booking site trivago (TRVG) and internet advertising firm Criteo (CRTO), which rose 15% and 3.9% respectively. They were followed by petroleum company Equinor (EQNR) and oil and gas company TOTAL (TOT), which were up 3.1% and 2.3%.

The decliners in continental Europe were led by 3D printer company Materialise (MTLS) and semiconductor company Sequans Communications (SQNS), which fell 7.1% and 5.7% respectively. Also declining were biotech firm Zealand Pharma (ZEAL) and 3D printer maker voxeljet (VJET), which dropped 2.4% and 5%.

In the UK and Ireland, the gainers were led by cruise line operator Carnival Corporation (CUK) and airline operator Ryanair Holdings (RYAAY), which rose 7.9% and 4.9% respectively. They were followed by airplane lessor Fly Leasing Limited (FLY) and medical device company EDAP TMS (EDAP), which increased 4.7% and 3.7%.

The decliners in the UK and Ireland were led by medical device maker Smith & Nephew (SNN) and software firm Endava (DAVA), which lost 3.1% and 2.7% respectively. Also declining were biopharmaceutical companies Akari Therapeutics (AKTX) and MorphoSys (MOR), which were down 4.3% and 2.4%.

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