Russian stocks to open with marginal changes on unclear environ

MOSCOW, Nov 22 (PRIME) -- The Russian stock market is again to open with a slight movement and trade mixed during the day on Thursday thanks to an unclear market environment, analysts said.

“Stabilization of oil prices and expectedly low global market activity may force the MOEX Russia Index to consolidate around Wednesday’s closing price,” Promsvyazbank analyst Mikhail Poddubsky said.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, projects that the index may open neutrally with a 0.3% movement within a 2,350–2,365 range and consolidate later in the day thanks to a mixed external environment.

He also said that the U.S. benchmark futures and Asian markets are trading about 0.15–0.7% higher, and the Brent oil price lost 0.7%.

Local investors will track news from meetings of the boards of directors of oil companies Gazprom Neft and RussNeft.

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