ADRs End Mostly Lower; Sabesp, Scor, Richemont Trade Actively
May 12 2023 - 6:07PM
Dow Jones News
By Sabela Ojea
International stocks trading in New York closed mostly lower on
Friday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.3% to 150.64. The European index declined 0.2% to 149.84,
the Asian index dropped 0.6% to 166.12, the Latin American index
rose 0.9% to 192.28 and the emerging markets index dropped 0.8% to
274.85.
ADRs of Companhia de Saneamento Basico do Estado de Sao Paulo on
Friday closed up 8% to $10.58 after the water and sewerage utility
reported better-than-expected expense figures for the first
quarter.
ADRs of Compagnie Financiere Richemont finished up 3.4% to
$17.21 after the Swiss luxury-goods major said it was confident of
further cashing in on a recovery in Chinese demand.
ADRs of Scor closed up 8.4% to $2.79 after the French reinsurer
posted first-quarter results which analysts said beat
expectations.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
May 12, 2023 18:52 ET (22:52 GMT)
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