MOSCOW, Nov 27 (PRIME) -- The Russian stock market is likely to demonstrate neutral or slightly negative dynamics on Monday in light of a discouraging external background, analysts said.
“We expect the MOEX Russia Index to move within the range of 3,180–3,240. Lowering oil prices and the attempts of the U.S. dollar to rise against the ruble can work against the Russian market,” Alexei Golovinov, chief analyst at PSB Bank, said.
“But persisting demand for (oil company) Lukoil and (top bank) Sberbank can offset the trend so the MOEX Russia Index will continue to consolidate near the current levels,” he added.
Tsifra Broker analysts expect no certain dynamics of the MOEX Russia Index on Monday.
The external background is relatively negative with the main Asian bourses falling by 0.3–0.6%, they said.
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