The Most Traded ADRs by Country !!!

There are thousands of foreign stocks that are traded daily in the various exchanges like Amex, Nasdaq ,NYSE and the OTC.NYSE alone has 421 foreign stocks listed.The OTC market has many hundreds of foreign stocks since the listing requirements are far more easy than NYSE.However in recent months, many top companies of the world have moved their listing from NYSE to OTC due to Sarbane-Oxley and other strict reporting requirements.Some foreign firms with a low trading volume see that the NYSE listing fees of $50K per year is too high.Hence many world class firms like Nestle,EON AG, BNP Paribas can be bought and sold in the OTC market.

Some countries like UK,Japan,Brazil,Germany, etc. have many stocks listed in the US.
For countries with many ADR listings, finding one stock that is highly liquid can be a
challenging task.This is where the following table list can be helpful.

The table below lists the most traded ADR stock country-wise. For example, Brazil has many stocks such as PBR,RIO,ITU,BBD,ARA,etc. traded on a daily basis.But out of all the Brazilian ADRs the most traded stock by volume on a daily basis is RIO, the mining giant. This is listed in the table for Brazil.Similarly the most traded stock among British ADRs is BP, one of the top four oil companies of the world.

For an investor looking to invest some funds in a foreign country stock this table might be a good place to start.Since this table lists the highly liquid stocks, investing in them reduces the risk of liquidity problem especially in times of turbulent markets.Another advantage of picking one of these stocks is “you are going with the flow of many investors” since there is heavy interest in these stocks.While this can be negatively implied as a herd mentality, still it makes sense to put some money in a highly traded stock first before jumping into other stocks of a country.For example – it is a good idea to pick up some National bank of Greece – NBG first before going for Diana Shipping – DSX or other Greek ADRs.

The table also shows the stock performance YTD till May 23rd,2008 and the daily volume.The most traded ADR stock is RIO of Brazil while the least traded is CHRT of Singapore.

 

Company Ticker YTD Change(as of May 23,2008) Avg. Daily Volume Sector Country
Companhia Vale do Rio Doce-CVRD RIO 25.53% 20,861,045 Mining Brazil
Nokia * NOK -25.89% 14,239,862 Tech.Hardware&Equip. Finland
Solarfun Power SOLF -27.45% 13,252,039 Electron.&ElectricEq China
Taiwan Semiconductor Manufacturing TSM 9.34% 12,625,776 Tech.Hardware&Equip. Taiwan
Alcatel-Lucent ALU -3.42% 11,732,500 Tech.Hardware&Equip. France
ASML * ASML -7.16% 5,387,194 Tech.Hardware&Equip. The Netherlands
BP BP 2.60% 5,001,735 Oil & Gas Producers United Kingdom
Mechel Steel MTL 51.91% 4,702,701 Industrial Metals Russia
Gold Fields GFI -1.34% 4,454,626 Mining South Africa
Mitsubishi UFJ Financial MTU 3.86% 4,381,986 Banks Japan
BHP Billiton BHP 27.78% 4,312,441 Mining Australia
America Movil AMX -7.25% 4,233,000 Mobile Telecom. Mexico
UBS UBS -36.30% 4,035,777 Banks Switzerland
Santander Central Hispano STD -2.83% 3,326,500 Banks Spain
ICICI Bank IBN -35.90% 3,238,254 Banks India
SAP SAP 2.88% 2,804,904 Software&ComputerSvc Germany
Teva Pharmaceutical Industries TEVA -2.88% 2,507,881 Pharma. & Biotech. Israel
Ericsson ERIC 16.10% 2,449,036 Tech.Hardware&Equip. Sweden
Elan ELN 13.06% 2,266,434 Pharma. & Biotech. Ireland
Bancolombia CIB 6.14% 1,502,300 Banks Colombia
STM STM -11.19% 1,262,867 Tech.Hardware&Equip. Italy
StatoilHydro ASA * STO 36.63% 1,192,235 Oil & Gas Producers Norway
Tenaris TS 35.81% 1,188,590 Industrial Metals Argentina
SKM SKM -25.27% 1,032,589 Mobile Telecom. South Korea
Melco PBL Entertainment MPEL 7.09% 1,018,553 Travel & Leisure Hong Kong
Telekomunikasi Indonesia TKM -13.83% 709,383 Fixed Line Telecom. Indonesia
Soc. Quimica y Minera de Chile - B Shares SQM 89.99% 657,085 Chemicals Chile
Randgold Resources TKM 21.92% 402,216 Mining Jersey
Telecom Corporation of New Zealand NZT -10.30% 253,192 Fixed Line Telecom. New Zealand
Compania de Minas Buenaventura BNV 14.88% 225,995 Mining Peru
National Bank of Greece NBG -23.76% 208,456 Banks Greece
Philippine Long Distance Telephone PHI -19.44% 147,307 Fixed Line Telecom. Philippines
Portugal Telecom PT -4.76% 104,964 Fixed Line Telecom. Portugal
Novo Nordisk NVO 2.02% 72,141 Pharma. & Biotech. Denmark
Magyar Telekom MTA -5.90% 21,664 Fixed Line Telecom. Hungary
Delhaize DEG -9.20% 12,900 Food &Drug Retailers Belgium
Chartered Semicondutor Manufacturing CHRT -8.51% 6,400 Tech.Hardware&Equip. Singapore

BW-logo *Nokia, StatoilHydro and ASML are in this year’s Business Week’s “Euro BW 50” list.

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