Russian stocks seen flat amid mixed foreign background

MOSCOW, Apr 23 (PRIME) -- Russian stocks may open neutrally on Monday amid a mixed foreign background and lack of strong drivers, analysts said.

“We expect a neutral opening of the MOEX Russia Index with an insignificant change, at the level of 2,230–2,235 points. The nearest support levels will remain at 2,220 and 2,200 points. The strong resistance will be levels of 2,240 and 2,250 points,” Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said.

The MOEX Russia Index will likely consolidate around the opening level later in the day amid a vague foreign background, the analyst said.

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