Russian stocks seen flat on lack of major drivers, rising oil

MOSCOW, Sep 11 (PRIME) -- Russian stocks may open neutrally on Tuesday amid a moderately positive foreign background, growing oil prices and a lack of major drivers, analysts said.

“We expect a neutral opening of the MOEX Russia Index with an insignificant change within 0.3%, around the level of 2,335 points. The nearest support levels will be 2,320 and 2,310 points. The main resistance will remain at 2,340 and 2,350 points,” Vitaly Manzhos, a senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are growing up to 0.3%, Brent oil futures added around 0.3%, Japan’s Nikkei225 rose 1.2%, and Hong Kong’s Hang Seng lost 0.4%, the analyst said.

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