Russian stocks may rise at opening on growing oil prises - 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 at opening on growing oil prises

MOSCOW, Apr 6 (PRIME) -- The Russian stock market is likely to increase at opening on Thursday on growing oil prices and a weak ruble, analysts said.

УWe expect the MOEX Russia Index to attempt to consolidate above 2,500 points today, but it is quite possible that the index will be below that level by the end of the day due to the worsening external background,Ф PSB Bank senior analyst Yegor Zhilnikov said.

УWe continue to bet on shares of oil and gas companies, which will be supported by the losing ruble. Besides, we expect to see the growth of Sber securities,Ф he added.

The weakening of the ruble has slowed down, but the potential for a local move into the 80Ц81 ruble range remains, Zhilnikov said. The ruble is under pressure from a number of factors, despite high oil prices, as well as the weakening of the dollar on global markets, he added.

According to Zhilnikov, the factors are delays in export flows, as well as recovering imports to Russia, increased demand for currency from banks, due to which there was a surge in the volume of swap operations with the central bank, and the subsequent reduction of currency sales by the Finance Ministry against the background of growing oil quotations.


06.04.2023 09:50
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 104.0621 +0.1941 04 oct
USD 99.2677 +0.7892 04 oct
Stock Market Indices
1D 1W 1M 1Y
micex 3145.34 +0.05 15:49 04 oct
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 165.50 -0.75 15:34 04 oct
lkoh 6777.00 +0.33 15:34 04 oct
rosn 540.50 +0.30 15:34 04 oct
sber 259.01 -0.25 15:34 04 oct
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 104.1000 +0.3475 14:59 04 oct
USDTD 99.4300 +0.1725 15:34 04 oct