Volume down, value up in ADR trades

Irish shares got more expensive and less attractive to non-Irish investors in the first half of 2014, according to figures compiled by BNY Mellon.

Barry J Whyte

Chief Feature Writer @whytebarry
10th August, 2014

By Barry J Whyte

Irish shares got more expensive and less attractive to non-Irish investors in the first half of 2014, according to figures compiled by BNY Mellon.

The overall trade in the US depository receipts (ADRs) of Irish firms – a mechanism through which investors can buy stocks in foreign companies through their local stock exchanges and currencies – fell in the first six months of this year, compared to the same period in 2013.

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