Russian stocks seen flat amid lack of major drivers

MOSCOW, Apr 16 (PRIME) -- The Russian stock market may open slightly higher and consolidate during the day on Tuesday amid a mixed external background and a lack of strong drivers, analysts said.

“We expect the MOEX Russia Index to open 0.1–0.3% higher at around 2,550… and to consolidate later in the day near the mark,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Vadim Kravchuk, analyst at investment company Solid, said that the external background looks neutral with Asian markets seen in the green territory and crude futures trading lower.

Olma senior analyst Anton Startsev said that the RTS index is likely to consolidate around 1,250 as there are no drivers for considerable movement.

In Russia, investors may also be interested in 2018 dividend decisions of top bank Sberbank and oil major Rosneft.

End