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ADRs End Lower, Aegon and ArcelorMittal Trade Actively

By Denny Jacob

 

International stocks trading in New York closed lower Friday.

The S&P/BNY Mellon index of American depositary receipts slipped 0.3% to 137.52. The European index ticked down 0.3% to 129.07. The Asian index lost 0.2% to 167.25. The Latin American index declined 0.4% to 176.77, while the emerging-markets index retreated 0.5% to 283.38.

Aegon NV was among those whose ADRs traded actively.

The international financial services company rose 2.5% after it said it will repurchase shares up to 106 million euros ($111.1 million) to neutralize the dilutive effect of the 2021 final dividend paid in shares. The share repurchase will begin on July 7 and is expected to be completed on or before Sept. 30.

Steelmaker ArcelorMittal SA rose 1.3% after its acquisition of an 80% stake in voestalpine AG's Hot Briquetted Iron plant near Corpus Christi, Texas, was completed.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

July 01, 2022 17:29 ET (21:29 GMT)

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