Russian stocks to choose further direction amid global uncertainty - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks to choose further direction amid global uncertainty

MOSCOW, Apr 10 (PRIME) -- Tuesday is expected to become a crucial day determining the prospects of the Russian stock market amid global geopolitical uncertainty, analysts said.

УIt is currently unclear whether sales on the Russian stock market will continue. СYes, of course,Т the fundamental background says while the technical background allows the MOEX Russia Index to consolidate within a 2,010Ц2,100 range awaiting new information,Ф Alpari senior analyst Anna Bodrova said.

From the historical point of view, investors may buy up to 50% of the previous loss if no new negative data appears, she said. The market is now dealing with bare emotions lacking understanding of the horizons.

Bodrova expects the Russian market to open with growth attempts accompanied by high volatility and is sure that TuesdayТs trading session will be crucial in prospect terms.

Olma senior analyst Anton Startsev said that volatility will remain high in the next few days due to rising geopolitical uncertainty. The RTS index may bounce back at opening, but is likely to continue falling later in the day.

Forex Club analyst Ivan Marchena said that the Russian stock market may be supported by strengthening oil prices. The Brent crude price has reached U.S. $69 per dollar.

Investors may also follow publication of operating results of uncut diamond mining giant ALROSA for March and real estate developer LSR Group for JanuaryЦMarch among other corporate events.


10.04.2018 09:30
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.3245 +0.7002 05 jun
USD 69.0151 +0.6738 05 jun
Stock Market Indices
1D 1W 1M 1Y
rtsi 1257.31 -3.42 18:50 04 jun
micex 2766.26 -2.29 18:50 04 jun
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 201.46 -3.14 18:49 04 jun
lkoh 5430.00 -2.15 18:49 04 jun
rosn 390.05 -1.74 18:49 04 jun
sber 213.10 -3.79 18:49 04 jun
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 77.8050 +0.7300 14:59 04 jun
USDTD 69.1400 +0.4025 17:44 04 jun