ADRs End Higher, Shell and Eisai Trade Actively
January 06 2023 - 5:20PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed higher on
Friday.
The S&P/BNY Mellon index of American depositary receipts
increased 2.2% to 148.13. The European index increased 2.2% to
142.58, the Asian index rose 2% to 173.46, the Latin American index
increased 2.8% to 185.88 and the emerging markets index gained 1.9%
to 291.58.
Shell PLC and Eisai Co. were among the companies with ADRs that
traded actively.
ADRs of Shell rose 3.2% after the oil giant said it expects its
quarterly natural-gas profit was "significantly higher" than in the
preceding three months when price swings curbed results in that
core business. It also expects to pay around $2 billion more in
European Union and U.K. energy-profit levies.
ADRs of Eisai increased 4.1% after the Food and Drug
Administration approved lecanemab, a new drug promising to slow
Alzheimer's disease created by Eisai and partner Biogen Inc.
ADRs of Alterity Therapeutics fell 5% after the biotechnology
company's board of directors approved a 1-for-10 reverse ADS
split.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
January 06, 2023 17:05 ET (22:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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