ADRs Trade Higher in New York; PetroBras Trades Actively
23 Agosto 2018 - 12:05AM
Dow Jones News
International stocks trading in New York gained on
Wednesday.
The BNY Mellon index of American depositary receipts rose 0.4%
to 145.21. The European index increased 0.4% to 135.86. The Asian
index improved 0.3% to 172.15 and the Latin American index rose
1.4% to 213.92. The emerging markets index increased 0.5% to
303.54.
The ADRs for Petroleo Brasileiro SA, also known as PetroBras,
were among the most actively traded ADRs Wednesday, rising 2.2% to
$10.49. The ADRs rose as prices for brent crude, the global
benchmark, increased 3% Wednesday to $74.78 a barrel. Other oil
company ADRs also advanced: the ADR for PetroChina Company Limited
was up 1.9%; the ADRs of Royal Dutch Shell PLC gained 1.2%; and BP
PLC's ADRs were up 1.2%.
The ADRs for Momo Inc., a Beijing-based social networking
company, also actively traded on Wednesday, gaining 8.6% to $43.96
after reporting its second-quarter results. The company said for
the period revenue jumped 58% from the year earlier to $494.3
million, easily beating the average analyst estimate on FactSet of
$480 million. It also reported an adjusted profit of $140.2
million, almost double the amount during the second quarter of
2017. Monthly active users in June rose 18% to 108 million.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
August 22, 2018 17:50 ET (21:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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