Russian stocks to move uncertainly on mixed global background

MOSCOW, Aug 19 (PRIME) -- The Russian stock market may demonstrate uncertain movement at the beginning of the trading session on Wednesday due to a vague foreign environment, analysts said.

“The Russian stock market may be uncertain following Asian benchmarks at the beginning of the day,” Otkritie Broker analyst Andrei Kochetkov said.

He added that the external background looks mixed or slightly negative with oil and gold trading in the red territory, but industrial metals are rising.

Olma senior analyst Anton Startsev sees no significant reasons for the RTS index to leave its consolidation range.

Startsev said that investors’ risk appetite is pressured by the political situation in Belarus. Besides, sanctions risks cannot be ruled out due to the position of the U.S. Senate concerning Russia’s alleged meddling in the 2016 presidential election.

The market will also be driven by releases of IFRS financial reports for April–June by container terminal operator Global Ports, mobile operator MTS, Qiwi Group, comprising payment system operator Qiwi and Qiwi Bank.

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