MOSCOW, Jan 20 (PRIME) -- Russian stocks may moderately grow at the opening on Monday amid a positive foreign background, analysts said.
“We expect the MOEX Russia Index to open with a moderate increase within 0.1–0.3%, near the level of 3,205 points. The nearest support levels will be 3,190 and 3,180 points. The main resistance will be at 3,210 and 3,220 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, Brent oil futures grew by 1.3%, China’s Shanghai Composite increased 0.5%, and Japan’s Nikkei225 added 0.2%. The U.S. stock markets are closed Monday in observance of Martin Luther King Jr. Day.
Alor Broker analyst Alexei Antonov expects the Russian market to grow around 0.3% at the opening.
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