ADRs End Mostly Lower; Harmony Gold Falls
August 18 2015 - 6:06PM
Dow Jones News
International stocks trading in New York closed mostly lower on
Tuesday.
The BNY Mellon index of American depositary receipts fell 0.36%
to 139.56. The European index decreased 0.34% to 141.11, the Asian
index dropped 0.55% to 143.69, the Latin American index rose 0.49%
to 180.68 and the emerging markets index declined 0.45% to
227.93.
Harmony Gold Mining Co. (HMY, HAR.JO) was among the companies
with ADRs that traded actively.
Harmony Gold reported a wider loss for its fiscal year ended
June 30, as the South African miner restructured its operations
amid low gold prices and higher operating costs. ADRs fell 5.7% to
$1.
OAO Mobile TeleSystems (MBT, MTSS.MZ) said its second-quarter
profit dropped nearly 22%, hit by lower operating income and
foreign-exchange losses. Russia's biggest telecom company warned
Tuesday that unstable macroeconomic factors in its chief operating
countries, such as Russia and Ukraine, may further impact the
company's financial and operational performance. ADRs edged up by a
penny to $7.86.
Trina Solar Ltd. (TSL, K3KD.SG) said its profit more than
quadrupled in its latest quarter, as the China-based solar-panel
maker benefited from stronger global solar demand. Results easily
topped analysts' expectations. Chief Executive Jifan Gao said
demand in the global solar markets continues to trend upwards, led
by China, the U.S. and India. ADRs rose 1.5% to $10.33.
The U.K. government said Tuesday that it was offering new
onshore blocks to explore for shale gas to a range of companies
that include oil giant Total SA (TOT, FP.FR) and utility GDF Suez
SA as Britain steps up efforts to kick-start a shale industry and
unlock potential reserves. Total's ADRs fell 1.9% to $48.02.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 18, 2015 17:51 ET (21:51 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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