Russian stocks may rise on stable crude, 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 on stable crude, positive environment

MOSCOW, Jun 5 (PRIME) -- The Russian stock market may edge up at TuesdayТs opening amid a modestly positive global background and consolidation of oil prices, analysts said.

УInvestors are unable to take negative news seriously at the moment so the market indices rise despite a potential threat of complications in trade relation between the U.S. and the E.U. Oil has stopped falling and stabilized which gives the stock market another reason for purchases. However, the rally is unlikely to be strong,Ф Alpari senior analyst Anna Bodrova said.

She added that the MOEX Russia Index may consolidate within a 2,300-2,320 range waiting for new drivers as no reasons to break through a 2,300 resistance level are seen now.

Olma senior analyst Anton Startsev said that the RTS index may continue an upward trend on dividend expectations thanks to a moderately positive external background.

The market will also be driven by a release of International Financial Reporting Standards (IFRS) financial results for January-March by multi-industry holding Sistema, and dividend decisions of the board of director of truck maker GAZ Group.

End

05.06.2018 09:22
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1136.33 +0.12 10:46 19 nov
micex 2380.21 +0.32 10:46 19 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.49 +0.87 10:30 19 nov
lkoh 4869.50 +0.94 10:30 19 nov
rosn 423.55 +0.64 10:30 19 nov
sber 199.01 -0.13 10:30 19 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.3050 +0.4025 10:28 19 nov
USDTD 66.0225 +0.3000 10:28 19 nov