Russian stocks can open flat on mixed background

MOSCOW, Jun 4 (PRIME) -- The Russian stock market is likely to open flat and consolidate during the day thanks to global uncertainty, analysts said on Monday.

“We expect the MOEX Russia Index to open flat with marginal fluctuations within a 0.2–0.3% range, near 2,295… June 1’s consolidation trend is likely to continue later in the day in anticipation of new significant external signals. This is again caused by a mixed foreign environment,” Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

Russian indexes will be traditionally highly influenced by oil market dynamics, he added.

Olma senior analyst Anton Startsev said that further consolidation of the RTS index is also seen as the most probable scenario amid political uncertainty in Europe and global trade war risks.

Investors may also be interested in decisions of an annual general meeting of Enel Russia’s shareholders.

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