Experts: Russian Stock Market May Continue to Grow Amid Stability in Oil Prices
The chances of continuing the upward trend during the week are great if there is no negative news related to the US and PRC trade war, as well as the spread of the coronavirus, experts suggested by Russian media say. Trading on the Russian stock market on Monday began in a moderately positive manner. The Moscow Exchange and RTS indices on the Moscow Exchange as of 16:58 Moscow time add 1.29-1.43%, respectively.
According to experts, the reason is the rise of European stock indicators, as well as the stability of quotations on oil futures, which hold the line near $ 35. The drivers of the market are shares of electric grid companies, and the main oil chips of the Russian market add 1-2%.