Russian stock may open mixed on uncertain global background

MOSCOW, Sep 29 (PRIME) -- The Russian stock market is likely to open without any certain movement on Tuesday thanks to a controversial global environment, analysts said.

“The MOEX Russia Index is likely to continue consolidation, (according to technical analysis data), with increased chances of further mixed dynamics. (The benchmark) is likely to trade within a 2,865–2,990 range,” investment company Finam analysts said.

The external background is uncertain, but generally positive, they added.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, said that U.S. indices futures are seen around 0.2–0.3% higher, oil prices are trading in the negative territory, and Asian markets look mixed so the Russian stock market is to open with marginal changes.

Olma senior analyst Anton Startsev said that the RTS index is likely to consolidate slightly below the 1,200 mark in the short term.

Local investors will track news from a government meeting to discuss the coronavirus situation, chaired by President Vladimir Putin.

End