Russian stocks seen rising at opening on oil prices growth

MOSCOW, Jun 27 (PRIME) -- The Russian stock market is likely to increase at the opening on Tuesday amid growth of oil prices and investors’ activity on speculative long positions, analysts said.

“This morning there might be attempts of our shares to go to the recovery, which is promoted by improvement of situation on the energy market and also desire of some participants of trades to take profit from speculative long positions,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The MOEX Russia Index will try to recoup some of the losses incurred during the last two sessions and consolidate near 2,780 points, the analyst added.

Global market sentiment on Tuesday morning can be characterized as moderately positive, Zvarich said.

According to BitRiver financial analyst Vladislav Antonov, “the balance has swung in favour of the sellers” and there is a high probability of its breakdown. In this case the fall will accelerate to 2,655 points within the correction, he said.

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