MOSCOW, Sep 3 (PRIME) -- Russian stocks are projected to change moderately at the opening on Thursday amid a mixed foreign background, analysts said.
“We expect the MOEX Russia Index to open with a moderate change within 0.2–0.5%, in the range of 2,945–2,970 points. The nearest support levels will be 2,940 and 2,930 points. The main resistance will be 2,990 and 3,000 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures are falling by 0.2%, Brent oil futures lost 0.3%, China’s Shanghai Composite decreased 0.2%, and Japan’s Nikkei225 rose 1.0%.
Alor Broker chief analyst Alexei Antonov said he expects that the MOEX Russia Index to fall 0.3–0.5% at the opening amid a decrease of the U.S. futures and the oil price decline below U.S. $45 per barrel.
Olma senior analyst Anton Startsev said that Russian stocks will remain under pressure of sanctions risks and uncertain foreign background.
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