ADRs Mostly Gain in New York Trading; Gold Producers Trade Actively

By Micah Maidenberg

International stocks trading in New York mostly recorded gains on Monday.

The S&P/BNY Mellon index of American depositary receipts ticked up 0.1% to 141.76. The European index rose 0.09% to 132.63. The Asian index was unchanged at 161.70 and the Latin American index was up 0.6%, closing at 249.75. The emerging markets index increased 0.1% to close at 304.25

The ADRs for gold producers traded actively on Monday. Barrick Gold Corp.'s (GOLD) ADR rose 4% to close at $16.24, while Gold Fields Ltd.'s (GFI) ADR gained 5% to close at $5.62. The ADR for Harmony Gold Co. (HMY) was up about 3%, closing at $2.24, while AngloGold Ashanti Ltd. (AU) saw its ADR rise 4% to $17.76.

Last week, gold futures closed at a four-year high. Prices for gold, along with other metals, have been rising as investors sort through a range of economic risks, including recent tensions between Iran and the U.S., as well as the prospect that central banks will lower interest rates to support growth.

The ADR for Novo Nordisk (NVO) also traded actively. Earlier in the day, the Danish pharmaceutical company issued a statement detailing progress on a share buyback program worth $2.28 billion assuming today's exchange rate between the Danish krone and the dollar. The company said it had, through June 21, bought more than 3.8 million shares in its B-class of stock. Shares rose about 1% to $51.29.

Write to Micah Maidenberg at [e-mail]

(END) Dow Jones Newswires

June 24, 2019 18:49 ET (22:49 GMT)

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