DR Market News Briefs

Pharma Stocks Weigh Down European Equities in Tuesday Trading


Last updated: 01/24/2023 11:11:26

11:11 AM EST, 01/24/2023 (MT Newswires) -- European equities were moving lower in Tuesday trading, weighed down by pharmaceutical firms, as American depositary receipts of European stocks declined 0.58% to 1,164.70 on the S&P Europe Select ADR Index.

In continental Europe, the gainers were led by internet browser company Opera (OPRA) and hotel booking site trivago (TRVG), which rose 5.4% and 2% respectively. They were followed by financial services company ING (ING) and dating app operator Spark Networks (LOV), which were up 1.3% and 1% respectively.

The decliners in continental Europe were led by biopharmaceutical companies ERYTECH Pharma (ERYP) and MorphoSys (MOR), which fell 7% and 3.5% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and 3D printer company Materialise (MTLS), which dropped 2.7% and 2.5% respectively.

In the UK and Ireland, the gainers were led by cruise line operator Carnival (CUK) and educational publisher Pearson (PSO), which rose 1.8% and 1.2% respectively. They were followed by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and biotech firm Autolus Therapeutics (AUTL), which were up 0.6% and 0.5% respectively.

The decliners in the UK and Ireland were led by biopharmaceutical company NuCana (NCNA) and pharmaceutical company AstraZeneca (AZN), which lost 2.7% and 2.5% respectively. They were followed by biopharmaceutical company Akari Therapeutics (AKTX) and pharmaceutical company GSK (GSK), which were off 2.2% and 2.1% respectively.

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