European ADRs Move Lower in Monday Trading

European ADRs Move Lower in Monday Trading

American depositary receipts of European stocks were trading 0.32% lower at 138.73 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by pharmaceutical firm Oasmia Pharmaceutical ( OASM ), and biopharmaceutical company Ascendis Pharma ( ASND ), which rose 8.2% and 3.4% respectively. They were followed by biopharmaceutical company DB Technologies ( DBVT ), and biotech firm Zealand Pharma ( ZEAL ), which were up 3.2% and 1.4%.

The decliners in continental Europe were led by geophysical equipment company CGG ( CGG ), and VEON Com (VEON), a provider of communications services, which lost 2.2% and 2.3% respectively. Also declining were oil company Statoil (STO), and software firm SAP (SAP), which dropped 2.2 and 1.7%.

In the UK and Ireland, the gainers were led by biopharmaceutical company Akari Therapeutics (AKTX), which surged 6.2%, followed by Barclays Bank (BCS), which climbed 4.9%. Biopharmaceutical company Adaptimmune Therapeutics (ADAP), and communications company WPP (WPP) were up 3.0% and 2.1%.

The decliners in the UK and Ireland were led by biopharmaceutical firms Amarin (AMRN), and GW Pharmaceuticals (GWPH), which fell 3.5% each. Oil company Royal Dutch Shell (RDS), and mining company BHP Billiton (BBL) were off 3.3% and 2.9%.

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