Russian stocks to open with marginal changes amid positive environ

MOSCOW, Dec 6 (PRIME) -- The Russian stock market is unlikely to demonstrate clear movement at the beginning of the trading session amid a slightly positive foreign background on Tuesday, but the trade volumes have increased, analysts said.

“The Russian stock market has recovered intraday trade volumes, which have almost doubled from December 2. It looks like investors are ready to act,” BitRiver financial analyst Vladislav Antonov said.

“The MOEX Russia Index is likely to spend the session within the range of 2,190–2,220, and the RTS index within the range of 1,100–1,130,” he added.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, expects the Russian stock market to open with moderate movement of below 0.8% within the 2,190–2,225 range of the MOEX Russia Index.

The benchmark is likely to consolidate near the level of 2,200 later in the day, he added.

He also said that the present state of the foreign background can be described as faintly positive.

Antonov said that the Brent oil price is seen at U.S. $83 per barrel, and can consolidate near $82–85 during Tuesday’s trading session.

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