Russian stocks seen quite neutral on mixed foreign background

MOSCOW, Jun 28 (PRIME) -- The Russian stock market is not expected to change much at the opening on Monday amid quite a neutral foreign background, analysts said.

“We expect the MOEX Russia Index to open with a moderate change within 0.1–0.3%, in the range of 3,820–3,845 points. The nearest support levels will be 3,810 and 3,800 points. The main resistance will be at 3,850 and 3,860 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are moderately growing within 0.2%, Brent oil futures fell 0.1%, China’s Shanghai Composite decreased 0.1%, and Japan’s Nikkei225 lost 0.2%, the analyst said.

End