Russian stocks may moderately rise amid neutral background

MOSCOW, Feb 4 (PRIME) -- Russian stocks may moderately grow at the opening on Monday amid a neutral foreign background, analysts said.

“We expect the MOEX Russia Index to open with an insignificant increase of around 0.2%, in the range of 2,525–2,530 points. The support levels will again be 2,510 and 2,500 points. The nearest resistance will be 2,540 and 2,550 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock indices are demonstrating an insignificant growth within 0.1%, Brent oil futures lost 0.1%, gold futures edged down 0.4%, Japan’s Nikkei225 fell 0.4%, and Hong Kong’s Hang Seng added 0.2%, he said.

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