ADR’s increase on high crude prices

Increases in crude oil prices sent shares in some foreign companies traded in the United States up on Thursday.

The Bank of New York’s index of leading European American depository receipts (ADRs) gained 0.8 percent to 133.35, while the index of leading Asian ADRs was up by 1.5 percent to 116.93 and the index of leading Latin American ADRs remained unchanged at 171.80.

Energy stocks were up as shares in the Norwegian company Statoil ASA were trading on the New York Stock Exchange at $23.94, up 2.1 percent and Royal Dutch Shell on the NYSE gained 1.2 percent to $67.68. Shares in South African gold mining concerns rose after miners agreed to a new wage offer and called an end to their work stoppage.

US-listed shares in AngloGold Ashanti, the second-largest gold producer in the world, gained 2.5 percent to $35.40 on the NYSE, while the fourth-largest producer, Gold Fields, added 3.1 percent to $11.25 and sixth-largest Harmony Gold Mining jumped 5.4 percent to $8.61.

German pharmaceutical company Schering Aktien’s US-traded shares were up 3.2 percent to $65.97 on the news that Swiss company Novartis might be readying a takeover bid for the German company. Novartis’ shares rose 0.7 percent to $50.34.

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