Russian stock market may open with sales after correctional rise

MOSCOW, Sep 29 (PRIME) -- The Russian stock market may return to sales on Thursday after a correctional rise the day before amid the moderately positive external background, analysts said.

“We expect sales in our shares to prevail today. The correctional rise of the Russian market may change to a new wave of sale and a negative dynamics trend,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The external background prior to the opening in Russia is positive, Zvarich said. The leading Asian floors are rising within 0.9%, the main U.S. stock index futures are consolidating about the level of yesterday’s closing. The December Brent oil futures is losing 0.7% to U.S. $87.5 per barrel after some restoration on Wednesday.

Otkritie Research leading analyst Andrei Kochetkov said that the Russian stocks are likely to consolidate at the current level amid the moderately positive background.

He added that volatility is possible in the stocks of the companies that may receive some easing in the E.U. sanctions.

The news flow includes the release of jobless claims and GDP statistics in the U.S.

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