Russian stocks may rise on hopes of geopolitical stabilization

MOSCOW, Feb 15 (PRIME) -- The Russian stock market may open the main session with an increase on Tuesday, as investors hope for stabilization of the geopolitical situation, analysts said.

“Despite the large-scale information campaign around the situation in Ukraine, not all investors believe that further escalation is inevitable. Market participants saw hints of stabilization,” Vasily Karpunin of BCS Investment Group said.

As Karpunin said, the Russian market may continue regaining its positions in case geopolitical background remains benign.

Univer Capital’s Andrei Vernikov said that should there be no invasion of Ukraine, the Russian market is certain to make a rebound this week starting from today.

According to Karpunin, in addition to geopolitical background, investors may also pay extra attention to today’s start of trading in futures on shares of eight Russian companies, namely Gazprom Neft, Samolet, Detsky Mir, Mechel, RUSAL, Rosseti, St. Petersburg Stock Exchange and PhosAgro on the Russian market.

Alexei Antonov from Alor Broker said that although slim, there are chances that investors may ignore any political negativity and boost the upward trend today.

Georgy Vashchenko from Freedom Finance said that market volatility remains high and trading is likely to be unpredictable. Yandex will make a financial statement today, which may further add to whichever trend the market chooses today.

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