Russian stocks may grow backed by oil prices, global floors

MOSCOW, Apr 17 (PRIME) -- Russian stocks are projected to grow at the opening on Friday in line with rising oil prices and positive moods on foreign floors, analysts said.

“We expect the MOEX Russia Index to open with an increase of 1–2%, in the range of 2,540–2,565 points. The nearest support levels will be 2,520 and 2,500 points. The main resistance will be at 2,570 and 2,590 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

The U.S. stock index futures are rising by 2.4–3.7%, Brent oil futures grew 1.8%, China’s Shanghai Composite rose 1.1%, and Japan’s Nikkei225 added 3%, the analyst said.

Otkritie Broker analyst Andrei Kochetkov expects that the Russian stock market will open with growth and will renew the maximum of the previous day.

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