Russian stocks may grow on high oil, positive background - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks may grow on high oil, positive background

MOSCOW, Mar 30 (PRIME) -- Russian stocks may increase at the opening on Friday amid a moderately positive foreign background and growing oil prices, but investor activity will be low due to Easter holidays in Europe and the U.S., analysts said.

УDynamics on the energy market, where the Brent oil price again rose above U.S. $70 per barrel, will be the main reason for purchases in our shares,Ф Freedom Finance senior analyst Bogdan Zvarich said.

The Russian market will be also supported by the situation on foreign stock floors, where the U.S.Т indices Dow Jones and S&P500 grew by 1.1% and 1.4%, respectively, on Thursday. JapanТs Nikkei225 is adding 1.3% and ChinaТs Shanghai Composite is growing by 0.4%.

УIn the given circumstances we expect growth of the Russian market at the start of trading, which will allow the MOEX Russia Index to rise over 2,280 points already in the first minutes,Ф Zvarich said.

The European and the U.S. stock markets will be closed due to Good Friday, which will decrease investor activity, he added.

Olma senior analyst Anton Startsev said, УAn outlined rebound on the RTS index can continue today at the start of trading, but major movements during the day are unlikely, taking into account absence of non-residents due to the Easter holidays in the U.S. and Europe.Ф


30.03.2018 09:36
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.2963 -0.3853 22 feb
USD 65.5401 -0.3167 22 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1188.95 -0.46 15:47 21 feb
micex 2472.66 -0.61 15:47 21 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 153.92 -0.33 15:31 21 feb
lkoh 5437.50 -0.14 15:30 21 feb
rosn 399.30 -0.89 15:31 21 feb
sber 204.20 -1.30 15:31 21 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 74.2575 -0.2775 14:59 21 feb
USDTD 65.4600 -0.2950 15:28 21 feb