Russian stocks may fall at opening on uncertain external background

MOSCOW, Feb 9 (PRIME) -- The Russian stock market may fall at the opening on Thursday on the uncertain external background even with support of growing oil prices, analyst said.

“The uncertain external background in the morning creates conditions for the opening of the MOEX Russia Index with a moderate deviation. Later on, the index is likely to consolidate around the nearest significant level of 2,250,” Vitaly Manzhos, senior risk manager at investment company Algo Capita said.

In the second half of the day, only important foreign policy or corporate news can have a noticeable impact on the trading in Russia, as foreign statistical indicators important for the local stock market will not be published today, the analyst added.

Vladislav Antonov, financial analyst at BitRiver, said that the MOEX Russia Index will continue corrective movement to the level of 2,216, as investors negatively perceived the news from the Finance Ministry about possibility of one-time voluntary contributions of business that received conjectural excess profits in 2021–2022.

Senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said that the stock market will be supported by the positive dynamics in oil prices.

End