ADRs End Mostly Lower, Pandora and Repsol Trade Actively
October 31 2022 - 6:27PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed mostly lower on
Monday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.4% to 124.73. The European index decreased 0.6% to 123.08,
the Asian index fell 0.3% to 135.67, the Latin American index rose
1.6% to 187.67 and the emerging markets index was flat at
234.25.
Pandora AS and Repsol SA were among the companies with ADRs that
traded actively.
ADRs of Pandora fell 3.8% after the Danish jeweler said it
expects distribution to return to normal in a few weeks after a
fire at its European distribution center in Hamburg, Germany, was
extinguished. Pandora said jewelry inventory is intact.
ADRs of Repsol fell 1.4% after the Spanish company said that,
together with U.S. renewable company MN8 Energy, it has invested in
energy-management platform Smarkia. Repsol acquired 33% of Smarkia,
while MN8 Energy has 37% of the startup. The investment comes as
Repsol aims to offer digital services such as a storage management
system for renewable generation plants to its costumers.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
October 31, 2022 19:12 ET (23:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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