Russian stocks seen falling slightly on oil price dip, trade wars - 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 seen falling slightly on oil price dip, trade wars

MOSCOW, Jul 23 (PRIME) -- The Russian stock market is to ease at opening on Monday due to a decrease of oil prices and new statements concerning the trade wars, analysts said.

УThe external background provides us with no good reason for an upward turn of the RTS index so far, although a 6.3% decline last week seems too strong, which means that suspension of the downward correction is possible in the short term. Nevertheless, the trade wars continue to be a factor holding down stock market investors in general,Ф Olma senior analyst Anton Startsev said.

Anna Bodrova, senior analyst at Alpari, said that liquidity on the stock market is low as usual in summer, and ex-dividend dates for most of the companies are over.

According to Bodrova, falling oil prices and the risks of boosting of the anti-Russian sanctions is a negative factor, as well as mistrust in the ruble as a currency of an emerging economy.

Finam analyst Sergei Drozdov said that a decision by rating agency S&P Global Ratings to confirm RussiaТs rating at BBB- is neutral for the stock market.

Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said that the MOEX Russia Index can open with a 0.2Ц0.3% decrease at 2,240Ц2,245. The levels of 2,230 and 2,220 are support and 2,260Ц2,270 is resistance.


23.07.2018 09:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.3332 +0.0369 23 feb
USD 65.5149 -0.0252 23 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1198.40 +0.82 18:50 22 feb
micex 2488.63 +0.74 18:50 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.64 +0.74 18:49 22 feb
lkoh 5527.00 +1.46 18:47 22 feb
rosn 401.50 +1.27 18:48 22 feb
sber 205.25 +0.90 18:49 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 74.2900 +0.0325 14:59 22 feb
USDTD 65.4075 -0.0575 17:44 22 feb