Russian stocks may rise on recovering oil, growth of global floors

MOSCOW, Mar 5 (PRIME) -- The Russian stock market may edge up at the opening on Thursday thanks to a modestly positive global environment with the Brent oil futures consolidating around U.S. $52 per barrel, analysts said.

“The external background is moderately positive ahead of the opening of the Russian stock market. The nearest Brent oil futures have increased to $52 per barrel, which will encourage purchases,” senior analyst at Promsvyazbank Bogdan Zvarich said.

Olma senior analyst Anton Startsev said that the RTS index may grow at the beginning of the trading session following global stock indices, but the risks still persist so it is premature to talk about a stable growth.

Asian markets are seen around 1–2% higher.

Russian traders will also follow 2019 financial results releases by hydropower giant RusHydro, Federal Grid Company of Unified Energy Systems (FGC UES) and power utility Mosenergo, as well as the 2019 dividends decision of the Moscow Exchange.

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