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Russian stocks may edge up at opening due to favorable background

MOSCOW, Feb 19 (PRIME) -- The Russian stock market may open higher and consolidate later in the day on Monday amid stronger oil prices but weak investor activity thanks to celebrations in the U.S, China and Hong Kong.

УWe expect the MICEX to open higher at around 2,260 and believe the benchmark may resume its upward trend if the global environment remains positive,Ф Oleg Shagov, head of investment company SolidТs research department, said.

Olma senior analyst Anton Startsev said that the Russian indices are likely to consolidate amid lower investor activity due to PresidentТs Day holidays in the United States and Lunar New Year celebration in China and Hong Kong.

Shagov said that the Brent oil price is seen consolidating higher at around U.S. $65.4 per barrel on the news that OPEC, Russia and their partners plan to maintain cooperation after an OPEC+ oil cut agreement is discontinued.

Investors will also follow publication of IFRS financial report for 2017 by agricultural holding Rusagro, results of auctions on ALROSAТs gas assets and a decision of SovcomflotТs board of directors on a share issue among other corporate events


19.02.2018 09:20
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Central Bank Official Rate
1W 1M 1Y
EUR 71.7210 -0.2022 23 apr
USD 63.7860 -0.1742 23 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1260.82 -0.12 18:50 19 apr
micex 2584.74 +0.81 18:50 22 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 163.50 +0.57 18:49 22 apr
lkoh 5690.00 +1.57 18:49 22 apr
rosn 439.60 +1.76 18:48 22 apr
sber 235.41 +1.21 18:49 22 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 63.8350 -0.1775 17:44 22 apr