Russian stocks seen growing on oil price, foreign markets' rise

MOSCOW, Mar 27 (PRIME) -- The Russian stock market will likely open higher on Monday as most foreign stock markets and oil prices rise, analysts said.

"The global markets’ mood may be characterized as moderately positive on Monday in the morning," senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The leading Asian markets demonstrate mixed dynamics, the key U.S. indices' futures added up to 0.5% in the morning after moderate growth on March 24, the nearest Brent futures rise by 0.5% to about U.S. $75 per barrel. According to Zvarich, the dynamics will likely form a positive trend in Russia.

Alexei Golovinov, chief analyst at PSB Bank, expects the MOEX Russia Index to consolidate within the range of 2,375–2,400 during the day. The index may attempt to test the upper margin of the range, he said. Smaller companies' shares may see big demand.

End