Russian stocks may fall dragged by worsened foreign background - 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 may fall dragged by worsened foreign background

MOSCOW, Mar 20 (PRIME) -- The Russian stock market can open lower and test the support line of 2,300 amid a discouraging external background on Monday, but still has a potential of growth to 2,400Ц2,500, analysts said.

УWe expect downward correction at the beginning of the trading session in light of the worsening external background and cheaper oil. At the same time, the MOEX Russia Index managed to consolidate above the 2,300 mark last week, so it can recover to the range of 2,400Ц2,500 soon,Ф senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

Zvarich sees the foreign background as negative with the main Asian bourses losing around 1.2%, the core U.S. indices futures trading flat, and the nearest Brent oil futures falling by 1.1% to U.S. $72.2 per barrel.

Otkritie Research analyst Andrei Kochetkov said that global investors have been frightened by a merger between UBS AG and Credit Suisse that may cause additional problems. The MOEX Russia Index can test the 2,300 support line in this environment, he added.

PSB Bank senior analyst Yegor Zhilnikov said that the ruble is trying to strengthen itself against the U.S. dollar and can reach the range of 74Ц76 rubles per U.S. dollar later this week.

End

20.03.2023 09:47
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 103.8680 +0.7049 03 oct
USD 98.4785 +1.0638 03 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3162.53 +0.93 18:50 03 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.00 -0.65 17:34 02 oct
lkoh 6698.00 +0.31 17:33 02 oct
rosn 537.00 0.00 17:40 02 oct
sber 260.72 0.00 17:40 02 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 103.8150 +1.0625 14:59 02 oct
USDTD 99.0200 +1.4000 17:34 02 oct