Russian stocks may rise backed by positive mood on global floors

MOSCOW, Jan 21 (PRIME) -- The Russian stock market may edge up on Monday supported by a positive global environment, analysts said.

“The persisting moderately positive risk appetite may push (the MOEX Russia Index) to around 2,480–2,500 in the next couple of session,” Promsvyazbank analyst Mikhail Poddubsky said.

The global market is unlikely to be active on Monday due to Martin Luther King Day celebration in the U.S., he added.

Grigory Vashchenko, director of the Russian stocks operations department at investment company Freedom Finance, said he expects the domestic stock exchanges to trade mixed. The MOEX Russia Index will be unable to hit new record highs, but may approach a 2,500 mark, he added.

Olma senior analyst Anton Startsev said the RTS index may continue its upward dynamics thanks to an optimistic sentiment on Asian bourses.

End