ADRs End Lower; Grana y Montero, Infosys Trade Actively
05 Dicembre 2017 - 1:23AM
Dow Jones News
International stocks trading in New York closed lower on
Monday.
The BNY Mellon index of American depositary receipts dropped
0.3% to 149.44. The European index decreased 0.4% to 139.13. The
Asian index declined 0.5% to 175.68. The Latin American index
increased 1% to 239.95. And the emerging-markets index dropped 0.3%
to 315.35. Grana y Montero SAA (GRAM), Infosys Ltd. (INFY) and
Mazor Robotics Ltd. (MZOR) were among those with ADRs that traded
actively.
A judge ordered some former executives of Peru's biggest
construction company Grana y Montero to be jailed as part of a
corruption investigation tied to Brazil's Odebrecht SA. They were
brought into custody as part of an 18-month preventative detention
order. The company was a partner with Odebrecht in public-works
projects in Peru. ADRs fell 6.8% to $2.58.
Indian information-technology outsourcing giant Infosys over the
weekend appointed Salil Parekh as its new chief executive officer,
effective Jan. 2. Mr. Parekh, a 25-year veteran of Capgemini SE
(CGEMY), is the fifth CEO in a decade. The former CEO Vishal Sikka
resigned this summer, which was followed by almost half the
company's board resigning, and co-founder and former CEO Nandan
Nilekani returning as non-executive chairman. ADRs of Infosys rose
2.7% to $15.46.
Mazor Robotics CEO Ori Hadomi had been questioned by the Israel
Securities Authority over alleged insider trading. Mazor Robotics,
which develops robot guidance systems for spinal and brain surgery,
reported the investigation in June. The company noted that senior
executives had been questioned and no indictments had been
submitted in the case. Company computers were seized in the affair
in May. Mazor Robotics fell 3.6% to $55.73.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
December 04, 2017 19:08 ET (00:08 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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