ADRs End Lower; Biodexa, Missfresh Trade Actively
June 23 2023 - 6:40PM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed lower on
Friday.
The S&P/BNY Mellon index of American depositary receipts
retreated 1.4%, to 152.30. The European index edged down 1.1%, to
147.54. The Asian index lost 2%, to 174.44. The Latin American
index shed 1.2%, to 206.43, while the emerging-markets index sank
1.5%, to 293.75.
Biodexa Pharmaceuticals was among those whose ADRs traded
actively.
The clinical-stage biopharmaceutical company tumbled 15% after
changing its ADR ratio to one ADR for every 400 ordinary shares
from one ADR for every five ordinary shares, effective July 5.
Missfresh also shed 15% following news earlier in the week that
it received notice from the Nasdaq Stock Market that its closing
bid price for its American depositary shares over the last 30
consecutive business days was below the minimum bid price per share
requirement.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
June 23, 2023 18:25 ET (22:25 GMT)
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