ADRs Mostly Gain in New York Trading; Gold Producers Trade Actively
25 June 2019 - 9:04AM
Dow Jones News
By Micah Maidenberg
International stocks trading in New York mostly recorded gains
on Monday.
The S&P/BNY Mellon index of American depositary receipts
ticked up 0.1% to 141.76. The European index rose 0.09% to 132.63.
The Asian index was unchanged at 161.70 and the Latin American
index was up 0.6%, closing at 249.75. The emerging markets index
increased 0.1% to close at 304.25
The ADRs for gold producers traded actively on Monday. Barrick
Gold Corp.'s (GOLD) ADR rose 4% to close at $16.24, while Gold
Fields Ltd.'s (GFI) ADR gained 5% to close at $5.62. The ADR for
Harmony Gold Co. (HMY) was up about 3%, closing at $2.24, while
AngloGold Ashanti Ltd. (AU) saw its ADR rise 4% to $17.76.
Last week, gold futures closed at a four-year high. Prices for
gold, along with other metals, have been rising as investors sort
through a range of economic risks, including recent tensions
between Iran and the U.S., as well as the prospect that central
banks will lower interest rates to support growth.
The ADR for Novo Nordisk (NVO) also traded actively. Earlier in
the day, the Danish pharmaceutical company issued a statement
detailing progress on a share buyback program worth $2.28 billion
assuming today's exchange rate between the Danish krone and the
dollar. The company said it had, through June 21, bought more than
3.8 million shares in its B-class of stock. Shares rose about 1% to
$51.29.
Write to Micah Maidenberg at Micah.Maidenberg@WSJ.com
(END) Dow Jones Newswires
June 24, 2019 18:49 ET (22:49 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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