ADR Report: Shares Higher on Chatter Ahead of Greek Election

Date : 06/14/2012 @ 5:11PM
Source : Dow Jones News
Stock : Grupo Televisa S.A. (TV)
Quote : 26.49  0.0 (0.00%) @ 2:05AM

ADR Report: Shares Higher on Chatter Ahead of Greek Election

JA Solar Holdings, Co., Ltd. ADS, Each Representing Five Ordinary Shares (MM) (NASDAQ:JASO)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more JA Solar Holdings, Co., Ltd. ADS, Each Representing Five Ordinary Shares (MM) Charts.
   By Corrie Driebusch 
 

International companies trading in New York closed higher Thursday, in line with the broader market, as speculation swirled about the outcome of the election in Greece this weekend.

The Bank of New York index of ADRs rose 0.6% to 114.80.

European banks rose amid chatter of "secret" opinion polls suggesting the New Democracy party will be victorious, and a pro-bailout government will be formed.

In addition, Reuters reported late Thursday that central banks are preparing coordinated efforts to provide liquidity if necessary after the Greek elections.

Credit Agricole SA (CRARY, ACA.FR) added 4.9% to $1.92 and Societe Generale SA (SCGLY, GLE.FR) climbed 1.7% to $4.23.

Shares in Switzerland's Credit Suisse Group AG (CS, CSGN.VX) plunged 9.4% to $17.97, however, after the Swiss National Bank said Swiss banks must keep strengthening their capital base.

The European index climbed 0.7% to 106.45.

Greek stocks surged ahead of parliamentary elections scheduled for the weekend.

Shares of National Bank of Greece SA (NBG, ETE.AT) soared 31% to $1.61. Coca-Cola Hellenic Bottling Co. SA (CCH, EEEK.AT) rose 7.9% to $16.99 and Hellenic Telecommunications Organization SA (HLTOY, HTO.AT) ended up 18% at $0.97.

The Asian index gained 0.5% to 113.56.

JA Solar Holdings Co. Ltd. (JASO) plans to repurchase roughly $100 million, or more than half, of its American depositary shares outstanding before the end of September. Shares jumped 13% to $1.06.

Taiwanese panel maker AU Optronics Corp. (AUO, 2409.TW) said Thursday its plant at Taoyuan County in northern Taiwan is likely to resume operations in three to five days after being struck by several earthquakes on Wednesday. The company said in a statement the earthquake didn't have a significant impact on operations and that it is still assessing the financial damage.

Shares added 1.6% to $3.94.

The Latin American index ended up 0.4% at 304.48 and the emerging markets index rose 0.2% to 262.01.

Mexico's antitrust commission, reversing an earlier decision, said Thursday that broadcast and media concern Grupo Televisa SAB (TV, TLEVISA.MX) can take a 50% stake in mobile-phone operator Grupo Iusacell, but conditioned the joint venture to a number of issues involving television advertising, programming and corporate governance. The conditions, if accepted by the broadcaster, would mark Televisa's entry into the coveted mobile-phone market.

Shares of Grupo Televisa gained 2.5% to $20.10.

Write to Corrie Driebusch at corrie.driebusch@dowjones.com

Latest TV Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.