Russian stocks seen rising on US mkt futures growth

MOSCOW, Sep 23 (PRIME) -- The Russian stock market will likely open with an upward gap on Wednesday, following a positive trend in U.S. stocks futures, analysts said.  

"The mood on global markets has been quite constructive today in the morning despite the drivers of a recent decrease have not disappeared. The worries over a potential second wave of the coronavirus in Europe remain and the tensions between the U.S. and China have not faded," Finam analyst Zarina Saidova said.

"The American stock markets finished the session with a confident growth yesterday, European markets mostly strengthened as well. Asian markets were showing a mixed dynamics on Wednesday," the analyst said.

Alor Broker chief analyst Alexei Antonov said that the Russian market will likely open with an upward gap as an effect of rising U.S. stock market futures will be stronger than the oil price fall one. The MOEX Russia Index could move beyond 2,900, he said.

Olma’s senior analyst Anton Startsev said that the RTS index will likely continue the consolidation.

According to Antonov, Yandex and TCS can continue to grow on Wednesday as the companies announced a merger. Competitor of the companies Sberbank can also grow as market participants are anticipating a big press conference on Thursday, and also the bank will soon see a dividend cutoff.

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