Russian stocks may rise at opening on evening purchases

MOSCOW, Jan 26 (PRIME) -- The Russian stock market may open with moderate increase on Thursday on the back of evening purchases in some sectors, analysts said.

“Inertia of evening purchases in shares of Russian companies creates preconditions for the opening of the MOEX Russia Index with some growth,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Later on, attempts by the index to overcome the nearest significant level of 2,200 mark are quite probable, the analyst added.

PSB Bank senior analyst Yegor Zhilnikov said that the ruble can weaken slightly within the range of 69–71 rubles per U.S. dollar, as exporters ended active sales of foreign currency against the background of the completion of the main tax payments.

BitRiver financial analyst Vladislav Antonov said that the technical picture today is neutral, so the MOEX Russia Index could either rise or continue its downward movement.

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