European ADRs Shift Lower

American depositary receipts of European stocks were trading 0.61% lower at 1,037.81 on the BNY Mellon Europe Select ADR Index on Thursday.

In continental Europe, the gainers were led by biopharmaceutical company Genfit (GNFT) and oil and gas company Eni (E), which rose 2.2% and 1.4% respectively. They were followed by petroleum industry company Equinor (EQNR) and pharmaceutical company Novartis (NVS) which were up 1.1% and 1%.

The decliners in continental Europe were led by semiconductor company Sequans Communications (SQNS) and telecommunications operator Telefonica (TEF), which fell 3.4% and 0.9% respectively. They were followed by pharmaceutical company Sanofi (SNY) and software firm Talend (TLND), which were down 0.9% and 0.6%.

In the UK and Ireland, the gainers were led by biopharmaceutical company Amarin (AMRN) and construction materials supplier CRH (CRH), which rose 2.5% and 1.9% respectively. They were followed by Royal Bank of Scotland (RBS), and mining company Rio Tinto (RIO), which were up 1.6% and 1.1%.

The decliners in the UK and Ireland were led by specialty pharmaceutical company Motif Bio (MTFB) and pharmaceutical company Avadel (AVDL), which lost 5.1% and 2.7% respectively. They were followed by biopharmaceutical company Akari Therapeutics (AKTX), and software firm Endava (DAVA), which dropped 2.2% and 0.6%.

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