ADR Report-ADRs slip as oil's drop sinks CNOOC, others

By Ellis Mnyandu

NEW YORK, April 24 (Reuters) - U.S.-listed shares of overseas companies fell on Thursday as a pullback in oil prices knocked down shares of energy companies, including China's CNOOC Ltd (0883.HK)(CEO.N) and Britain's BP Plc (BP.L) (BP.N).

The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) .BKADR slipped 0.7 percent while the 30-share Dow Jones industrial average .DJI was up 0.7 percent, or 85.73 points, at 12,848.95.

Energy shares fell as oil prices backtracked from their climb that nearly took them to $120 a barrel earlier this week.

U.S. crude for June delivery fell $2.24, or 1.9 percent, to settle at $116.06 a barrel on the New York Mercantile Exchange.

U.S.-traded shares of Chinese state oil firm CNOOC declined 6 percent to $173.91 on the New York Stock Exchange, while BP shares dropped 1.9 percent to $67.88.

Shares of Petrobras (PETR4.SA)(PBR.N), Brazil's state-owned oil company, declined 3.1 percent to $122.27 on the NYSE. Shares of French oil company Total (TOTF.PA)(TOT.N) slid 2.4 percent to $81.38.

The Bank of New York Mellon's index of leading European ADRs .BKEUR slipped 0.5 percent. But in Europe, stocks ended slightly higher, helped by gains in the shares of investment bank Credit Suisse (CSGN.VX)(CS.N) on hopes it faced diminishing risk to its capital.

Shares of drugmaker Novartis (NOVN.VX)(NVS.N) were boosted by JPMorgan's raised price target.

Credit Suisse ADRs rose 4.8 percent to $54.06, while Norvatis ADRs advanced 1.2 percent to $50.10.

The Bank of New York Mellon's index of leading Asian ADRs .BKAS shed 0.5 percent. In Asia, Hong Kong stocks rose 1.6 percent to a three-month closing high on Thursday after Beijing cut a tax on trading in its latest step to bolster investor confidence, pushing Shanghai shares up more than 9 percent.

But in Tokyo, Japan's Nikkei stock average fell 0.3 percent on Thursday, dragged lower by a barrage of gloomy earnings forecasts that spread across sectors, ranging from industrial robot maker Fanuc Ltd (6954.T) to Kao Corp (4452.T), Japan's biggest maker of household products.

Still more bad news came after the close, when Canon Inc (7751.T)(CAJ.N), the Japanese maker of photographic equipment and other products, posted an 18 percent drop in quarterly operating profit and lowered its full-year outlook. For details, see [ID:nT316715]

In U.S. trading, Canon shares slid 4 percent to $47.87 on the NYSE.

The Bank of New York Mellon's index of leading Latin American ADRs .BKLA dropped 2 percent.

Mexico's main stock index declined 0.3 percent, while Brazil's Bovespa index .BVSP shed 0.6 percent. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)