ADRs in Focus: European Roundup

The Bank of New York Europe ADR index, which tracks more than 100 securities based overseas, rose 3.52 points, or 2.1 percent, to 167.16. ADRs, or American Depositary Receipts, are securities that allow U.S. investors to trade shares of companies based overseas.

The indexes of 16 of the 18 countries on the broader Europe ADR index moved higher on the day, while two were unchanged.

Russian stocks were among the day's strongest performers, and shares of Moscow-based wireless provider Vimpel-Communications rose $1.89, or 5.4 percent, to $36.67.

Shares of wireless equipment maker LM Ericsson Telephone Co. of Sweden gained 69 cents, or 3.4 percent, to $21.41.

Hungary's Magyar Telekom picked up 78 cents, or 3.4 percent, to $23.95.

Handset maker Nokia Corp., of Finland, added 71 cents, or 2 percent, to $36.84.

ADRs of British drug maker GlaxoSmithKline PLC gained $1.18, or 2.8 percent, to $44.08.