Russian stocks may grow thanks to rising foreign floors

MOSCOW, Apr 15 (PRIME) -- The Russian stock market may edge up at the opening on Monday thanks to an encouraging global background with foreign stock exchanges seen in the positive territory, analysts said.

“The domestic stock market has good chances for a further growth. Dividend-paying stocks will lead the trend ahead of the ex-dividend dates. Companies will release operating results starting from this week,” Vadim Kravchuk, analyst at investment company Solid, said.

The external background looks positive with major Asian benchmarks growing steeply as investors expect positive results of trade negotiations between the U.S. and China, he also said.

Olma senior analyst Anton Startsev said that the RTS index may consolidate after reaching the 1,200–1,250 range thanks to a moderately positive foreign environment.

The local market will also be driven by releases of operating reports for January–March by steelmaker Novolipetsk Steel (NLMK), real estate developer Etalon Group and largest children goods retailer Detsky Mir.

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