Russian stocks may rise as high oil price supports local shares - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks may rise as high oil price supports local shares

MOSCOW, Aug 30 (PRIME) -- The Russian stock market is likely to edge up on Thursday backed by strengthening crude prices, analysts said.

УWe expect the MOEX Russia index to open significantly higher, by around 0.5% to 2,360Е The benchmark may continue increasing to a 2,370 mark due toЕ a considerable rise of oil futures on Wednesday,Ф Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

He also said that the U.S. and Asian stock markets look mixed.

Olma senior analyst Anton Startsev said that from the technical analysis point of view, the RTS index is unlikely to leave the current consolidation range as the dynamics of global stock indices demonstrate a lack of investor interest in emerging markets.

Analyst at Freedom Finance Anastasia Sosnova said that rising oil prices may ensure further growth on the Russian market despite low trade volumes.

Investors will also follow publication of International Financial Reporting Standards (IFRS) financial results for JanuaryЦJune and AprilЦJune by multi-industry holding Sistema, power company Mosenergo and real estate developer PIK Group among other corporate events.

End

30.08.2018 09:40
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep