CFRUY Compagnie Financiere Richemont (PK)

By Sabela Ojea

International stocks trading in New York closed mostly lower on Friday.

The S&P/BNY Mellon index of American depositary receipts fell 0.3% to 150.64. The European index declined 0.2% to 149.84, the Asian index dropped 0.6% to 166.12, the Latin American index rose 0.9% to 192.28 and the emerging markets index dropped 0.8% to 274.85.

ADRs of Companhia de Saneamento Basico do Estado de Sao Paulo on Friday closed up 8% to $10.58 after the water and sewerage utility reported better-than-expected expense figures for the first quarter.

ADRs of Compagnie Financiere Richemont finished up 3.4% to $17.21 after the Swiss luxury-goods major said it was confident of further cashing in on a recovery in Chinese demand.

ADRs of Scor closed up 8.4% to $2.79 after the French reinsurer posted first-quarter results which analysts said beat expectations.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

May 12, 2023 18:52 ET (22:52 GMT)

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