Russian stocks may rise encouraged by positive environment - 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 encouraged by positive environment

MOSCOW, Mar 31 (PRIME) -- The Russian stock market may edge up at the opening on Tuesday, and the MOEX Russia Index may rise above 2,500 during the day thanks to a moderately positive external background, analysts said.

УThe Russian stock market is likely to open with slight growth, and will later follow the U.S. benchmarks futuresЕ The external environment is encouraging cautious purchases,Ф Alor Broker analyst Alexei Antonov said.

Crude prices have bounced back from many yearsТ lowest with the (Brent) May futures seen at around U.S. $27 per barrel, although there are no reasons for the commodity to break through a $30 mark yet, Antonov also said.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, expects the MOEX Russia Index to open 0.5Ц1.5% higher within the 2,450Ц2,470 range.

Antonov sees careful, but strong investorsТ willingness for purchases, which may drive the MOEX Russia Index above the upper limit of the 2,279Ц2,500 consolidation range.

Oil major Rosneft may outperform the market after its exit from Venezuela.

Investors will also follow publication of oil company TatneftТs IFRS financial results for 2019 among other corporate events.

End

31.03.2020 09:39
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 80.2689 -0.1445 11 jul
USD 71.2298 +0.3498 11 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1245.65 +0.91 18:50 10 jul
micex 2800.94 +0.67 18:50 10 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 199.44 -0.86 23:49 10 jul
lkoh 5087.00 -6.78 23:49 10 jul
rosn 364.25 -0.52 23:49 10 jul
sber 209.11 -0.88 23:49 10 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.1125 -0.1575 14:59 10 jul
USDTD 70.6675 -0.2200 17:44 10 jul