Russian stocks seen opening flat amid mixed foreign background

MOSCOW, Jul 13 (PRIME) -- The Russian stock market may open neutrally on Tuesday in light of mixed dynamics of foreign stock indices futures, metals and crude, analysts said.

“Mixed dynamics are possible (on the Russian stock market), which will follow signals from external markets… The guidance for the MOEX Russia Index is a 3,850–3,900 range,” Georgy Vashchenko, head of investment company Freedom Finance’s department for trade operations on the Russian stock market, said.

Alor Broker analyst Alexei Antonov said that the Russian stock market will likely open neutrally amid flat dynamics of the main U.S. indices futures, metals and oil prices.

Antonov added that Tuesday is the last day of trading with dividends for gas giant Gazprom, multi-industry holding Sistema, and second-largest lender VTB Bank.

Veles Broker analyst Yelena Kozhukhova said that ruble-denominated shares, crude prices and the global stock market are all trying to find reasons for upward movement.

Russian traders will also follow production results release for April–June by steelmaker Novolipetsk Steel (NLMK) of businessman Vladimir Lisin.

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