Russian stocks to change moderately amid mixed background

MOSCOW, Jun 10 (PRIME) -- Russian stocks are projected to change moderately at the opening on Wednesday amid a mixed foreign background, analysts said.

“We expect the MOEX Russia Index to open with a moderate change within 0.5%, in the range of 2,780–2,810 points. The nearest support levels will be 2,770 and 2,760 points. The main resistance will be at 2,820 and 2,830 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 growing by around 0.6%, Brent oil futures lost 1.2%, China’s Shanghai Composite fell 0.4%, and Japan’s Nikkei225 added 0.3%, he said.

Otkritie Broker analyst Andrei Kochetkov said the state of foreign markets does not imply any significant sales on the Russian stock market at the beginning of the day.

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