Russian stocks can grow on foreign mkts, oil price rise

MOSCOW, Mar 3 (PRIME) -- The Russian stock market will likely increase on Wednesday at the opening of the session due to a growth of foreign markets indices and oil prices, analysts said.

"Today, on March 3, the external background for the domestic market is favorable," Finam analyst Natalya Pyryova said.

S&P 500 futures grew 0.44% as of 8:20 a.m., Moscow time. Asian markets were mostly rising with CSI 300 adding 1.45%, Nikkei 225 0.49%, Hang Seng 1.73%, KOSPI 0.87%. Brent futures for May increased 0.45% to U.S. $62.98, WTI added 0.37% to $59.97, all these factors will contribute to growth of the Russian market, Pyryeva said.

According to the analyst, mild sanctions by Europe and the U.S. against Moscow announced late Tuesday are also a positive factor for the market.

Alor Broker senior analyst Alexei Antonov said that the Russian market can still be hit by a new sanctions wave because the measures over alleged hacker attacks and aggressive actions towards Ukraine are yet to be announced.  

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