Russian stocks can edge up following external positivity

MOSCOW, May 4 (PRIME) -- The Russian stock market can demonstrate low liquidity in the period between two holiday weekends including Tuesday, and will be highly dependent on external factors as no significant events are planned locally, analysts said.

“The Russian market is likely to demonstrate low liquidity in the period between two holiday weekends so some stocks may move significantly… Yesterday, Western bourses traded positively for the Russian stock market. The U.S. broad market benchmarks grew, and all commodities inflated much,” Alor Broker analyst Alexei Antonov said.

The commodities producers including nickel, platinum and palladium maker Norilsk Nickel can be in focus today, he added.

Crude oil resumed growth, reaching U.S. $67.5 per barrel, and a mark of $70 per barrel can be seen as a short-term target, Antonov said, adding that oil companies Rosneft and Gazprom Neft can follow the dynamics.

Georgy Vashchenko, head of investment company Freedom Finance’s department for trade operations on the Russian stock market, expects relatively high activity on the domestic stock market with the dynamics almost fully determined by external signals.

Investors will also follow publication of a report on monetary policy by the central bank.

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