European Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading

MT Newswires Live
01 Oct 2024

European equities traded in the US as American depositary receipts were moving lower late Tuesday morning, declining 0.74% to 1,424.59 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by biopharmaceutical company DBV Technologies (DBVT) and oil and gas company TotalEnergies (TTE), which rose 1.4% and 1.5% respectively. They were followed by medical device maker EDAP TMS (EDAP) and petroleum refiner Equinor (EQNR), which increased 1.8% and 1.2%, respectively.

The decliners from continental Europe were led by biopharmaceutical company Genfit (GNFT) and semiconductor company Sequans Communications (SQNS), which shed 14% and 8.4% respectively. They were followed by financial services company Banco Santander (SAN) and biotech firm Evaxion Biotech (EVAX), which dropped 5.4% and 5.1% respectively.

From the UK and Ireland, the gainers were led by biotech firm Trinity Biotech (TRIB) and oil and gas company BP (BP), which were up 1.8% and 1.9% respectively. They were followed by oil and gas company Shell (SHEL) and communications company WPP (WPP), which both increased 1.3%.

The decliners from the UK and Ireland were led by biopharmaceutical company NuCana (NCNA) and cruise line operator Carnival (CUK), which lost 10% and 2.1% respectively. They were followed by biopharmaceutical companies Adaptimmune Therapeutics (ADAP) and Bicycle Therapeutics (BCYC), which were down 3.4% and 3.2% respectively.

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