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Tuesday, October 20, 2020

ADRs finish Friday trading mostly high

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By Allison Prang

 

International equity trading in New York ended broadly up on Friday.

Carnival plc and Westpac Banking Corp. were among the companies with active ADRs.

The S & P / BNY Mellon Index of US Depositary Receipts rose 0.4% to 132.21. The European index rose 0.1% to 109.51, the Asian index improved 0.9% to 194.70, the Latin American index fell 0.4% to 140.45 and the emerging markets index rose 0.7% to 338.63.

Carnival’s ADRs increased 7.7% to $ 12.34 per share. The company’s Costa Cruises brand has announced that it has redefined its itineraries from April to November next year. Barclays also raised its ratings on Carnival and other cruise lines, and said “the worst is in the past for the industry.”

Westpac Banking’s ADRs increased 6.5% to $ 12.29. Australia’s second largest bank recently agreed to pay a $ 920 million fine to settle a lawsuit for violating terrorist financing and money laundering laws.

 

– Dave Sebastian and Alice Uribe contributed to this report.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

September 25, 2020 4:50 pm ET (8:50 pm GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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