Russian stocks seen flat amid mixed foreign background

MOSCOW, Apr 27 (PRIME) -- Russian stocks may open flat on Friday amid a mixed foreign background and a lack of major drivers, analysts said.

“We expect a neutral opening of the MOEX Russia Index with an insignificant change, in the range of 2,285–2,290 points,” Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said. The nearest support levels will be 2,280 and 2,270 points, while 2,290 and 2,300 points will act as resistance, he added.

Prior to the opening of the Russian stock market, the U.S. stock index futures are demonstrating mixed dynamics, Brent oil futures decreased 0.3%, Japan’s Nikkei225 added 0.5%, and Hong Kong’s Hang Seng rose 0.4%.

Investors will follow results of the central bank’s meeting on key rate later in the day, Manzhos said.

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