Russian stocks may rise on positive background, oil price growth

MOSCOW, Jul 6 (PRIME) -- Russian stocks are projected to increase at the opening on Monday supported by positive dynamics of Western exchanges and rising oil prices, analysts said.

“Given the growth of external stock exchanges and the situation on the energy market, we expect purchases in Russian stocks to prevail at the start of the session today, which will allow the Moscow Exchange to make a significant step towards the level of 2,850 points. However, an attempt to break through this mark will meet increased sales, which can keep the market in the range of 2,800–2,850 points within the framework of today’s session,” Promsvyazbank chief analyst Bogdan Zvarich said.

Olma senior analyst Anton Startsev also projects growth of the Russian stock market at the beginning of the trading session, as market participants count on the positive effect of economic stimulus measures taken in large countries.

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