Stocks may rise as good local, foreign environ favors purchases

MOSCOW, Sep 5 (PRIME) -- The Russian stock market may open higher and advance additionally during the day on Thursday thanks to an improving external environment and positivity of the Eastern Economic Forum, analysts said.

“We expect the Russian stock market to edge up significantly at the opening, by 0.3–0.6% to 2, 800–2,810… the benchmark may grow into the 2,820–2,830 range later in the day,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

The external background looks definitely positive thanks to encouraging news regarding the future of the U.S.–China trade negotiations, he also said.

The Russian stock market will also be supported by higher crude prices with the Brent oil futures trading above a $60 per barrel mark, and a plenty of encouraging investment news from the Eastern Economic Forum, which is taking place in Vladivostok.

Russian traders may follow IFRS financial statement for January–June of Petropavlovsk Plc, which operates gold deposits in Russia.

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