Russian stocks may grow in line with global floors, oil prices

MOSCOW, Jan 25 (PRIME) -- Russian stocks may increase at the opening on Monday amid positive dynamics on global floors and rising oil prices, analysts said.

Moods prevailing on global markets on Monday morning can be characterized as moderately positive, Promsvyazbank chief analyst Bogdan Zvarich said. Leading Asian stock exchanges went into recovery adding up to 0.5%. Futures on major U.S. indices are climbing within 0.4%. Consolidation is outlined on the energy market, which allows the nearest futures for Brent crude to hold positions at around U.S. $55.4 per barrel.

“Amid such background, at the beginning of trading we expect the predominance of purchases in Russian securities, which will allow the MOEX Russia Index to win back part of the losses of the previous week and try to make a step towards the 3,400-point mark. In the future, in case of a deterioration in the external situation, sales may intensify on our market, which will lead to compensation for the morning growth and the market drift into negative territory,” the analyst said.

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