Russian stocks can rise on foreign mkts, oil futures’ growth

MOSCOW, Mar 12 (PRIME) -- The Russian stock market can increase on Monday in the morning on the back of a growth of oil futures and foreign markets, analysts said.

“A small increase of the RTS index is possible today at the start of the trade on the back of external factors. Global markets remain affected by comparably strong U.S. labor market figures published on Friday,” Anton Startsev, senior analyst at investment company Olma, said.

Vitaly Manzhos, senior risk manager at investment company Nord Capital, said that Brent futures grew on March 9 and are neutral on Monday in the morning, and this will affect the Russian market positively as well.

He said that the MOEX Russia index can rise 0.3–0.5% to about 2,320 at the session start. The levels of 2,300 and 2,290 will be the closest support levels and 2,340 and 2,350 the resistance ones.

End