Russians stocks can edge up as trading in all shares reopens

MOSCOW, Mar 28 (PRIME) -- The Russian stock market can demonstrate active purchases at the reopening of trading in all shares on the Moscow Exchange on Monday, but is likely to reverse later in the day due to a lack of encouraging news, analysts said.

“The Moscow Exchange continues to recover its standard operation format. All the shares, but not only 33, will trade from Monday. The session will take place from 9:50 a.m. through 1:50 p.m. Moscow time,” Director of BCS Broker’s stock market experts department Vasily Karpunin said.

Karpunin said that the most liquid stocks were already trading last week and are likely to demonstrate similar dynamics on Monday with a rapid advance at the beginning of the session and further fade-out of the impulse.

Metals and mining group Mechel, oil producer Gazprom Neft and fertilizer maker Acron can become the best gainers, he added.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, expects the MOEX Russia Index to open with a change of up to 2.5% within the 2,420–2,550 range.

Active purchases are possible in the first minutes of trading, but the benchmark can fall significantly later due to a lack of positive news, he added.

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