Russian stocks may fall on moderately negative background

MOSCOW, Mar 24 (PRIME) -- The Russian stock market may decrease at the opening on Wednesday amid a moderately negative foreign background, analysts said.

“We expect the MOEX Russia Index to open with a decline within 0.2–0.5%, in the range of 3,450–3,460 points. The nearest support levels will be 3,440 and 3,420 points. The main resistance will be at 3,470 and 3,480 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are trading mixed within 0.3%, Brent oil futures are balancing on the verge of positive and negative deviations, China’s Shanghai Composite edged down 1.3%, and Japan’s Nikkei225 lost 1.8%, the analyst said.

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