Russian stocks seen flat on low trade activity ahead of holiday - 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 flat on low trade activity ahead of holiday

MOSCOW, May 8 (PRIME) -- The Russian stock market may open slightly lower and consolidate during the day on Tuesday thanks to correcting oil prices and upcoming Victory Day celebration, analysts said.

УThe market is likely to be calm today with investor activity continuing to fall ahead of a pause in trading and also due to the situation on the crude market with the Brent oil futures demonstrating signals for a downward correction,Ф Olma senior analyst Anton Startsev said.

The Russian market will be closed on Wednesday for Victory Day celebration.

Tuesday is a deadline for U.S. President Donald Trump to make a final decision on a possible withdrawal from the 2015 Iran nuclear deal which will influence the crude market, Startsev added.

Vitaly Manzhos, senior risk manager at investment company Nord Capital, expects the MOEX Russia Index to fall around 0.5% to 2,285 at opening to price in emerging worsening of the oil market. The index may consolidate later in the day.

In Russia, investors will also be interested in decisions on dividends for 2017 by power producer Unipro and fertilizer producer Acron, as well as IFRS financial reports for JanuaryЦMarch of Unipro and Magnitogorsk Iron and Steel Works (MMK).

End

08.05.2018 09:35
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov