ADR Report-ADRs gain; oil's rise lifts energy sector

Mon Jun 29, 2009 11:30pm BST
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By Caroline Valetkevitch

NEW YORK, June 29 (Reuters) - Shares of overseas companies traded in the United States edged higher on Monday, with crude oil's jump above $71 a barrel boosting the energy sector.

The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) rose 0.8 percent, while the blue-chip Dow Jones industrial average .DJI gained 1.1 percent. The U.S. benchmark S&P 500 index .SPX added 0.9 percent.

Crude oil futures CLc1 rose $2.33 to settle at $71.49 per barrel after Nigerian militants said they attacked the country's oil facilities, which set off some concerns about supply.

Shares of PetroChina (PTR.N: Quote, Profile, Research) rose 2.7 percent to $114 in New York, while shares of Brazil's Petrobras (PBR.N: Quote, Profile, Research) were up 1.3 percent at $41.37. Shares of BP Plc(BP.N: Quote, Profile, Research) rose 1.5 percent to $47.96.

In contrast, the Bank of New York Mellon index of leading Asian ADRs fell 0.4 percent. In Asia, Japan's benchmark Nikkei .N225 shed 93.92 points, or 1 percent, to 9,783.47.

But the Bank of New York Mellon index of leading European ADRs rose 1.4 percent. The pan-European FTSEurofirst 300 index of top shares closed up 1.8 percent.

The Bank of New York Mellon index of leading Latin American ADRs gained 0.4 percent. In Latin America, major benchmarks were mostly higher.

Shares of cement maker Cemex (CX.N: Quote, Profile, Research) rose 1 percent to $9.60 on the New York Stock Exchange. (Editing by Jan Paschal)

 
 
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