ADRs End Higher; CRH, JinkoSolar Trade Actively
November 19 2015 - 6:33PM
Dow Jones News
International stocks trading in New York closed higher on
Thursday. CRH PLC (CRH, CRH.DB) and JinkoSolar Holding Co. (JKS)
were among the companies with ADRs that traded actively. The BNY
Mellon index of American depositary receipts increased 0.62% to
132.98. The European index improved 0.52% to 132.78; the Asian
index increased 0.61%, to 141.19; the Latin American index rose
1.6% to 169.79; and the emerging-markets index rose 1.3% to
226.77.
Mining giant BHP Billiton Ltd. (BHP, BHP.AU) said Thursday that
it won't change its dividend policy until February at the earliest,
despite shareholder concerns the company won't be able to sustain
its current payout given the slump in global commodity prices. ADRs
rose 1.8% to $29.12.
International building materials group CRH on Thursday reported
a 34% rise in profit before interest, taxes, depreciation and
amortization for the first nine months of 2015. Sales for the nine
months rose 16%, with sales in the Americas 28% higher and Europe
sales up 2%. ADRs rose 4.7% to $28.59.
ADRs of Gold Fields Ltd. (GFI, GFI.JO) surged 18% to $2.56 on
Thursday after the South African mining company reported
better-than-expected headline third-quarter profit. Headline
profit, which strips out certain items, rose 46% to $21 million in
the July to September period compared with a year earlier, beating
expectations for a 33% increase.
JinkoSolar on Thursday reported strong third-quarter results as
module shipments to third parties topped company forecasts and set
a record high. As the year's shipment guidance rises, JKS'
downstream efforts continue to generate a bigger share of the
company's results. ADRs fell 9.5% to $22.67.
Loans on nearly $24 billion of Petroleo Brasileiro SA's (PBR,
PETR3.BR, PETR4.BR) debt will mature in 2016 and 2017, raising
questions as to whether the Brazil state-run oil firm will repay,
restructure or default on its debt. The company, commonly known as
Petrobras, had $127.5 billion in debt as of Sept. 30. ADRs closed
up 0.39% at $5.09.
Australia's antitrust regulator has cleared the way for Royal
Dutch Shell PLC's (RDSA, RDSA.LN, RDSB, RDSB.LN) takeover of BG
Group PLC. The deal, expected to be completed in early 2016, is a
crucial part of Shell's strategy to focus on its natural-gas and
deep-water oil businesses. Australia's Foreign Investment Review
Board and Chinese authorities still need to rule on the deal. ADRs
closed up 0.97% at $51.05.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 19, 2015 18:18 ET (23:18 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
BHP (NYSE:BBL)
Historical Stock Chart
From Aug 2024 to Sep 2024
BHP (NYSE:BBL)
Historical Stock Chart
From Sep 2023 to Sep 2024