Qiwi Plc (NASDAQ:QIWI) Leads Declines in European ADRs as Ukraine Tensions Intensify

0

Qiwi Plc (NASDAQ:QIWI) led declines in American depositary receipts of European companies Friday as the region’s markets declined on heightened tensions between Ukraine and Russia.

The Bank of New York Mellon Europe ADR Index slid 0.6%, compared with an 0.8% drop in the S&P 500 Stock Index.

Qiwi, a Russian provider of payment services, fell 7% to $27.30 per ADR on Friday. It reached an all-time high of $59.24 on December 27.

Voxeljet AG (NYSE:VJET), a German maker of 3-D printers, fell 5.6% to $16.18 per ADR after closing on an over-allotment of American depositary shares at $15 each.

Sequans Communications SA (NYSE:SQNS) fell a second day after guiding for lower Q2 earnings and revenue. The French chipmaker declined 5.5% to $1.91 per ADR.

Other decliners included Veolia Environment (NYSE:VE), down 5.9% to $18.65 per ADR, and Criteo SA (NASDAQ:CRTO), down 4% to $32.21.

Pearson Plc (NYSE:PSO) led gainers with a 3.6% advance to $18.30 per ADR after reiterating its 2014 forecast for adjusted earnings per share of 62 pence to 67 pence.

Other gainers included CGG (CGG), up 2.5% to $16.99 per ADR, Edap TMS SA (EDAP), up 1.2% to $3.21, and Turkcell Iletsim (TKC), up 1.2% to $13.66.

Suggested Reading: 10 Most Liberal States

Share.