Russian stocks may show small increase at opening

MOSCOW, Oct 25 (PRIME) -- The Russian stocks are likely to increase slightly at opening amid the positive external background and make an attempt to continue rising during the day, analysts said.

“The MOEX Russia Index is likely to remain in the range of 2,050–2,100 points in the first half of trading. It will continue tend to growth and will still try and test the upper limit during the second half of the day,” Yevgeny Loktyukhov, head of Promsvyazbank’s research department, said.

Otkritie Research senior analyst Andrei Kochetkov said that dividend payments, a part of which may be converted into investments, will remain the main growth idea for the Russian stocks.

The external background is positive before the start of trading in Russia, with the Asian indices rising with no significant dynamics and oil trading flat.

The news flow will include an IFRS report by X5 Retail for July–September.

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