Russian stocks seen flat on neutral background, stable oil

MOSCOW, Nov 11 (PRIME) -- Russian stocks may open flat or decrease on Friday, as the foreign background is neutral and oil prices remain almost unchanged, analysts said.

“We expect the Russian stock market to open at the level of 2,045 points at the MICEX index, assuming that this stock indicator can rise above the level of 2,050 points if the foreign background improves,” Oleg Shagov, head of investment company Solid’s research department, said.

The ultimate influence of key external factors that have an impact on the Russian financial market is close to neutral at the beginning of the day, he said. Brent oil futures are remaining around the same level as of Thursday’s close. The U.S. stock index futures are not changing much, while main Asian stock indicators are not showing single dynamics.

Olma senior analyst Anton Startsev said that “a downward correction at the RTS index is possible today at the start of trading. The situation on global stock floors remains unstable after unexpected results of the U.S. presidential elections.”

Vitaly Manzhos, a senior analyst at Bank Obrazovanie, expects the MICEX to decrease by up to 0.4% at the opening to around 2,035.

Investors will follow the release of financial results by oil firms Rosneft and Bashneft later on Friday, analysts said.

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