ADRs End Lower; Shell, Vinci Trade Actively

By Kathryn Hardison

International stocks trading in New York closed lower on Thursday.

The S&P/BNY Mellon index of American depositary receipts fell 1.5% to 125.55. The European index decreased 1.9% to 117.22, the Asian index fell 1% to 149.63, the Latin American index dropped 0.2% to 189.90 and the emerging markets index decreased 0.8% to 263.36.

Shell PLC and Vinci SA were among the companies with ADRs that traded actively.

ADRs of Shell PLC fell 4.4% after the company said it expects integrated gas trading and optimization results to fall for the quarter due to seasonality and due to a volatile market.

ADRs of Vinci fell 4.2 % after the company said it signed an engineering, procurement and construction contract to build Germany's first liquefied natural gas terminal. The French infrastructure company was awarded the contract through its Cobra IS subsidiary working in consortium with Spanish company Sener.

ADRs of Nokia Corp. fell 1.1% after it said Chief Legal Officer Nassib Abou-Khalil is stepping down from his position and leaving the company. A recruitment process will begin immediately for his successor, Nokia said.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

October 06, 2022 18:37 ET (22:37 GMT)

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