Russian stocks can decrease at opening amid negative background

MOSCOW, Feb 10 (PRIME) -- The Russian stock market is likely to open lower and consolidate during the day on Friday in light of a worsened external environment, analysts said.

“We expect the Russian market to open with a fall of 0.2–0.7% within the range of 2,245–2,255 of the MOEX Russia Index… The moderate worsening of the external environment creates conditions for a fall at the opening of the benchmark,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

The index is likely to consolidate near the important level of 2,250 during the day, he added.

Manzhos said that the core U.S. indices futures are decreasing by around 0.3%, the Brent oil and gold have both lost 0.6% in price, and the main Asian market are trading mixed.

Senior analyst at financial supermarket Banki.Ru Bogdan Zvarich also expects active sales of Russian shares at the opening of the stock market. But the MOEX Russia Index will try to stay above the 2,250 mark, he said.

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