ADR Report: Wall Street Trades Mixed Earnings Results
Tuesday, October 18, 2021 3:03 PM

U.S. stocks traded mixed on Tuesday as investors weigh in earning results and fears over a delay in a possible solution to the European debt crisis.

The Bank of New York Index for American Depository Receipts’ (ADR) was trading down by 0.35 percent, or 0.42 points, to 119.83 on Tuesday, with India-based information technology company Patni Computer Systems Limited (NYSE: PTI) being the biggest gainer in the index.

Patni Computer Systems was trading higher by 13.05 percent to $13.34 on Tuesday. Among the biggest decliners was China-based financial software company LONGTOP FINL TEC ADS, trading lower by 13.45 percent to $0.25 an ADR today.

The European Index for ADR’s was trading lower by 0.36 points, or 0.32 percent, to $111.40, today.

Among the gainers in the European ADR’s were Denmark-based shipping company, TORM A/S (Nasdaq: TRMD), trading higher by 6.15 percent to $1.38, and Russia-based steel maker company Mechel Steel Group (NYSE: MTL), trading higher by 2.68 percent to $4.21 an ADR on Tuesday. Among the decliners were Greece-based financial institution National Bank of Greece SA (NYSE: NBG), trading lower by 9.79 percent to $0.51 an ADR, and France-based 4G semiconductor solutions provider Sequans Communications S.A. ADR (NYSE: SQNS), trading lower by 5.89 percent to $4.95 an ADR.

The Asian ADR index was trading lower by 0.38 percent, or 0.45 points ,to 116.96 on Tuesday.

Among the biggest gaining ADR’s are the before-mentioned Patni Computer Systems Limited and China-based semiconductor company Vimicro International Corp. (Nasdaq: VIMC), trading higher by 5.63 percent to $1.50. Among the decliners are the before-mentioned China-based financial software company LONGTOP FINL TEC ADS and China-based education provider New Oriental Education & Techno (NYSE: EDU ), trading lower by 13.36 percent to $26.00 an ADR.

The Latin American Index was down 0.36 percent, or 1.17 points to 322.91 today.

Among the gainers were Mexico-based infrastructure company Grupo Aeroportuario del Centro (Nasdaq: OMAB), up 3.09 percent to $14.00 an ADR, and Brazil-based cable television provider NET Servicos de Comunicacao S.A (Nasdaq: NETC ), up 3.05 percent to $9.79 an ADR. Among the decliners were Mexico-based logistics company Grupo TMM, S.A.B. New American (NYSE: TMM ), down 11.43 percent to $1.55 an ADR, and Peru-based precious metal company Compania Mina Buenaventura, S.A(NYSE: BVN ), trading lower by 4.29 percent to $38.80 an ADR on Tuesday.