Russian stocks may rise backed by oil price growth, foreign floors

MOSCOW, Apr 1 (PRIME) -- Russian stocks may substantially grow at the opening on Monday backed by positive dynamics on global floors and growth of oil prices, analysts said.

“We expect the MOEX Russia Index to open with a significant growth of around 0.3–0.5%, in the range of 2,505–2,510 points. The nearest support levels will be at 2,490 and 2,480 points again. The main resistance will be at 2,520 and 2,530 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 growth within 0.6–1.0%. Brent oil futures increased 0.8%. Japan’s Nikkei225 grew 1.5%, and Hong Kong’s Hang Seng added 1.6%.

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