MOSCOW, Aug 27 (PRIME) – The Russian stocks are likely to open flat on Tuesday as the negative and positive factors will neutralize each other, while investors are wary, analysts said.
“Information that came from the G7 summit reflected an ease of geopolitical tensions. The G7 discussed the possibility of returning Russia into the club, and Iran’s foreign minister was invited to the summit unexpectedly. The Western bourses reacted to that with growth, but Russian investors are still careful,” Alexander Osin, head of investment company Freedom Finance’s department for operations on the Russian stock market, said.
The national market was under the pressure from September rebalancing of the FTSE indices, during which the share of oil major Lukoil will be reduced by 5%, triggering a U.S. $115–160 million outflow of investment from the company’s shares, Osin said.
“Consolidation of the RTS Index is possible in the short term. Comments of U.S. President Donald Trump made a positive impact on investor expectations that the trade issues can be solved, but dynamics of stocks of emerging markets does not allow us to say that demand has recovered. The volatility indices, albeit falling from their Monday levels, are not at the levels of a period of consistent growth of stocks,” Olma’s senior analyst Anton Startsev said.
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