Russian stocks can edge down on geopolitical factors

MOSCOW, Apr 15 (PRIME) -- The Russian stock market is likely to edge down on Friday amid persisting negative sentiments and following only geopolitical factors, analysts said.

“We expect negative sentiments to persist on the Russian stock market today. The MOEX Russia Index will continue to edge down with the closest target at March’s lowest of slightly above the 2,360 mark,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

Should the benchmark break through the mark, it can continue its downward movement to the next target of 2,000–2,200, he added.

Otkritie Broker analyst Andrei Kochetkov expects trading volumes to be very low on Friday

He added that the U.S. and Europe are celebrating Good Friday so the Russian market will only be driven by geopolitical factors.

The ruble is likely to demonstrate stable dynamics, he also said.

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