European ADRs Nudge Lower in Tuesday Trading

Last Updated: Tuesday, June 28, 2022 11:03 AM | MT Newswires

American depositary receipts of European stocks were trading 0.1% lower at 1,051.52 on the S&P/BNY Mellon Europe Select ADR Index on Tuesday.

In continental Europe, the gainers were led by medical device maker EDAP TMS (EDAP) and biotech firm Forward Pharma (FWP), which climbed 6.7% and 4.7%, respectively. They were followed by petroleum refiner Equinor (EQNR) and hotel booking site trivago (TRVG), which rose 3.6% and 2.6%, respectively.

The decliners in continental Europe were led by biopharmaceutical companies ERYTECH Pharma (ERYP) and Cellectis (CLLS), which lost 5.3% and 5%, respectively. They were followed by biopharmaceutical company Grifols (GRFS) and pharmaceutical firm Ascendis Pharma (ASND), which fell 3.6% each.

In the UK and Ireland, the gainers were led by biopharmaceutical company Verona Pharma (VRNA) and insurance firm Prudential (PUK), which gained 3.9% and 3.7%, respectively. They were followed by oil and gas company Shell (SHEL) and biopharmaceutical company Adaptimmune Therapeutics (ADAP), which were up 3.2% and 2.4%, respectively.

The decliners in the UK and Ireland were led by biopharmaceutical companies Bicycle Therapeutics (BCYC) and Mereo BioPharma Group (MREO), which dropped 6.5% and 5.5% respectively. They were followed by biopharmaceutical company NuCana (NCNA) and software firm Endava (DAVA), which were down 5.2% and 4%.

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