Russian stocks can rise at opening on positive foreign environment - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks can rise at opening on positive foreign environment

MOSCOW, Apr 7 (PRIME) -- The Russian stock market can edge up to above 2,500 on Friday thanks to a positive external environment, but may reverse in the second half of the trading session on profit-taking, analysts said.

УPurchases of Russian shares can be seen at the beginning of the trading session, and the MOEX Russia Index can try to break through the 2,500 line. The purchases can be triggered by the situation on the global energy market,Ф senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The nearest Brent oil futures is consolidating around U.S. $85 per barrel after a rise on Monday, he added.

УHowever, investors can begin taking profit from long positions ahead of the weekend, which may result to downward correction of the MOEX Russia Index to the range of 2,450Ц2,490,Ф Zvarich also said.

Zvarich sees the external background as moderately positive with the main Asian indices adding around 1.3%, and the core U.S. indices futures consolidating near the level of ThursdayТs closing.

Alexei Golovinov, chief analyst at PSB Bank, also expects the MOEX Russia Index to try to consolidate above the 2,500 mark.


07.04.2023 09:34
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 103.1631 +1.0652 30 sep
USD 97.4147 +0.4129 30 sep
Stock Market Indices
1D 1W 1M 1Y
micex 3133.26 +0.81 18:51 29 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 167.30 -1.34 23:14 29 sep
lkoh 6677.00 +0.47 23:14 29 sep
rosn 537.30 +0.30 23:14 29 sep
sber 257.67 0.00 23:50 29 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 102.7525 +0.6950 14:59 29 sep
USDTD 97.6200 +0.7700 17:44 29 sep