Russian stocks may grow backed by positive background

MOSCOW, Mar 26 (PRIME) -- The Russian stock market may significantly grow at the opening on Friday supported by the positive foreign background, analysts said.

“We expect the MOEX Russia Index to open with an increase within 0.2–0.6%, in the range of 3,445–3,460 points. The main support levels will be 3,440 and 3,430 points. The main resistance will be at 3,470 and 3,490 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 growing within 0.3–0.6%, Brent oil futures added 1.1%, China’s Shanghai Composite rose 1.6%, and Japan’s Nikkei225 increased 1.5%, the analyst said.

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