+7 (495) 937-33-63 contacts


Mon Tue Wed Thu Fri Sat Sun
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29

Russian stocks to open flat, to watch for foreign statistics

MOSCOW, Jun 20 (PRIME) -- Russian stock are likely to open flat on Friday and will be waiting for foreign statistics to give it a direction, analysts said.

“We expect the market to open with an insignificant change, close to the 1,495 mark on the MICEX index,” Yakov Shlyapochnik, Nord Capital CEO, said.

“The neutral start is likely to be followed with a sideways trend as traders will be waiting for the opening of western trading floors. If there are no important foreign signals, the MICEX index will continue its sideways trend in a three-day range of 1,480-1,509.”

Promsvyazbank senior analyst Oleg Shagov agreed saying that the market is likely to be trading flat, but Olma Deputy CEO Alexei Bystrov expects the markets to open lower in correction. “The signs of that world stock market indices growth is suspended may affect buyers’ activity on the Russian market as well,” he said.

Shlyapochnik also said that the next support levels are 1,485 and 1,470, while the resistance levels are 1,510, 1,520.

Bystrov said that the oil price of U.S. $115 is likely to support interest to Russian energy stocks on the whole, although Bashneft, Gazprom Neft and Severstal may underperform the market as they have already paid their dividends.

The background prior to the markets opening is mixed with U.S. futures changing insignificantly, Asian floors showing no single dynamics, Shagov said.

Печать  Print
Information contained on this website, unless otherwise stated, is of an informative and ancillary nature or it represents merely the personal judgment of IC PROSPECT experts. It does not constitute an advertisement, offer or recommendation to make an offer to buy or sell any securities or financial instruments, products or services to which there may be a link on this website. It also does not constitute a suggestion or recommendation to perform any operations in the securities market. If you want to learn more about the consultancy and other services provided by the company, or about some other information contained herein, relying not merely on the materials published on this website, please contact the Securities Trading Department for professional consultancy or other service based on your individual circumstances. Certain securities and financial instruments can be offered and certain services rendered only to persons acknowledged as qualified investors. You can specify whether you are a qualified investor or learn about the procedure for qualification by contacting Anna Novoselova at (495) 937-33-63 extn. 6160.
Support & Development