Russian stocks may fall on profit taking, worsened background

MOSCOW, Apr 20 (PRIME) -- The Russian stock market may fall on Thursday at opening over profit taking and worsened external background, analysts said.

“On the Moscow Exchange, the rally was replaced by a natural profit taking. The market is guided by both technical signals and qualitative deterioration of the external background,” BitRiver financial analyst Vladislav Antonov said.

The MOEX Russia Index will trade in the range of 2,585–2,620 points on Thursday, while the RTS Index will remain within 990–1,015 points, the analyst added.

PSB Bank senior analyst Yegor Zhilnikov said that during today's trading, the dollar may continue to trade in the 81–82 rubles range.

Gradual activation of exporters on the threshold of tax payments will support positions of the national currency, the analyst added.

(81.6549 rubles – U.S. $1)

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