Russian stocks may open flat on mixed foreign background

MOSCOW, Mar 25 (PRIME) -- The Russian stock market is not projected to change much at the opening on Thursday amid a mixed foreign background, analysts said.

“We expect the MOEX Russia Index to open with a moderate change within 0.1–0.3%, in the range of 3,475–3,495 points. The nearest support levels will be 3,460 and 3,450 points. The main resistance will be at 3,500 and 3,520 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are demonstrating a moderate increase of 0.2–0.4%, Brent oil futures lost 1.8%, China’s Shanghai Composite rose 0.1%, and Japan’s Nikkei225 added 1.3%.

Alor Broker analyst Alexei Antonov also expects the MOEX Russia Index to open around Wednesday’s close or with a small decrease.

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