ADRs End Mostly Lower; Eletrobras Edges Down After Hydroelectric Plant Deal

By Denny Jacob

International stocks trading in New York closed mostly lower on Friday.

The S&P/BNY Mellon index of American depositary receipts edged down 0.2% to 154.42. The European index ticked down 0.1% to 153.28. The Asian index retreated 0.4% to 171.06, while the emerging-markets index declined 0.3% to 287.75. The Latin American index was the only gainer, up 0.2% to 195.69.

BP PLC was among those whose ADRs traded actively.

The oil giant edged up 0.3% a day after the company said it started oil production at its fifth offshore drilling facility in the Gulf of Mexico.

Centrais Elétricas Brasileiras SA, or Eletrobras, moved down 0.4% after it agreed to buy stakes in two hydroelectric plants in the state of Minas Gerais from a unit of Companhia Energética de Minas Gerais SA, or Cemig.

Write to Denny Jacob at [e-mail]

(END) Dow Jones Newswires

04-14-23 1820ET