Russian stock market may decrease slightly at opening

MOSCOW, Jul 21 (PRIME) -- The Russian stock market is likely to decline at opening on Thursday, the external background is mixed, and a number of corporate news may influence the market’s dynamics during the day, analysts said.

“The trading session in Russia may open with a decrease because of newly announced and expected sanctions, but some losses are likely to be won back during the day,” head of PSB Bank’s analysis group Vladimir Solovyov said.

The situation on the global markets is mixed prior to the start of trade in Russia, Solovyov said.

The futures on the main U.S. indices are consolidating at the level of yesterday’s closing despite a positive financial report of Tesla. The Asian floors are rising and the European indices are showing mixed dynamics. Oil is trading around U.S. $106 per barrel.

The corporate news flow will include reports by a number of companies, Solovyov said, adding that volatility may be high during the day depending on how dynamics will be affected by the reports.

Alor Broker analyst Alexei Antonov said that Gazprom’s stocks, which pushed the market up on Wednesday on news about the restart of the Nord Stream gas pipeline, are likely to be flat or decline in the absence of other growth drivers.

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