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ADRs End Mixed; Ericsson, Sasol Among Companies Actively Trading

01/25/2022 | 06:03pm EDT

By Kimberly Chin


International stocks trading in New York closed mixed on Tuesday.

The S&P/BNY Mellon index of American depositary receipts fell 0.2% to 159.28, the Asian index declined 1% to 204.47 and the emerging-markets index dropped 0.7% to 339.52. The European index inched up 0.1% to 145.06 and the Latin American index increased 1.9% to 191.47.

ADRs of Telefon AB L.M. Ericsson rose 7.3% on Tuesday after the company reported fourth-quarter net profit and sales that beat market expectations.

Sasol Ltd.'s ADRs jumped 7.4% after the company reported a 31% increase in revenue for the first half of fiscal 2022 as it benefited from a favorable macroeconomic environment, with higher crude-oil prices, refining margins and chemicals prices together with increased demand following the easing of Covid-19 lockdown restrictions.

Atlas Copco AB's ADRs, which trade over the counter, tumbled 5.6% after the Swedish industrial tool maker posted a smaller-than-expected rise in fourth-quarter net profit. However, it proposed a higher dividend as well as an extra shareholder payout via a share redemption.

IQIYI Inc.'s ADRs fell 3.5% on Tuesday after the company said Xiaodong Wang has retired as chief financial officer for personal reasons. The Beijing online entertainment service said Jun Wang, who has been providing advice to the company on major capital market transactions since January 2018, succeeds Xiaodong Wang as chief financial officer.

Unilever PLC said it would restructure its operations into five standalone divisions, reshuffle top executives and cut jobs in a sweeping reorganization aimed at accelerating sales growth as the Dove soap owner girds itself against an activist investor and looks to quell shareholder dissatisfaction. ADRs of Unilever slipped 1.5%.


Write to Kimberly Chin at kimberly.chin@wsj.com


(END) Dow Jones Newswires

01-25-22 1803ET

Stocks mentioned in the article
ChangeLast1st jan.
ALUMINUM CORPORATION OF CHINA LIMITED -0.28% 3.56 Delayed Quote.-19.03%
ATLAS COPCO AB 2.59% 106.32 Delayed Quote.-33.76%
CHINA SHANDONG HI-SPEED FINANCIAL GROUP LIMITED 1.14% 0.89 Delayed Quote.11.25%
ERICSSON 1.37% 78.68 Delayed Quote.-22.22%
IQIYI, INC. -2.68% 4 Delayed Quote.-9.87%
LONDON BRENT OIL 0.05% 112.8 Delayed Quote.44.68%
S&P GSCI CRUDE OIL INDEX -0.73% 600.1313 Real-time Quote.46.63%
SASOL LIMITED -0.75% 390.55 End-of-day quote.50.79%
SICHUAN HEBANG BIOTECHNOLOGY CORPORATION LIMITED 1.18% 3.42 End-of-day quote.0.29%
UNILEVER PLC 0.50% 3534 Delayed Quote.-10.30%
WINTIME ENERGY CO.,LTD. 1.27% 1.6 End-of-day quote.-12.09%
WTI 0.05% 109.746 Delayed Quote.44.84%
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