OREANDA-NEWS  The Russian stock market is declining by almost 0.7% on Wednesday morning due to the lack of new drivers for growth, follows from the trading data on the Moscow Stock Exchange and the analyst's comment.

The external background is mixed. The price of the May Brent crude futures is now declining by 0.4%, to $ 75 per barrel. Asian stock markets closed trading higher, while futures for major US indices are falling, but European indices opened trading with a significant increase.

As for internal factors, "at the beginning of the trading day, the Russian stock market may maintain a corrective mood due to the lack of new internal drivers for an increase and strong overbought securities such as Sberbank," said Elena Kozhukhova, analyst at Veles Capital IC.

Preferred shares of DVMP (-1.32%), MKB (-1.11%), Aeroflot (-1.1%), as well as receipts of X5 Retail Group (-1.01%) and Ozon (-0.84%) are getting cheaper the most. Sberbank's preferred shares lose 0.65% of their value, ordinary shares – 0.64%.

Globaltrans securities are rising in price (+2.53%), rising in price for the fourth trading session in a row, Sistema AFC (+0.79%), Polyusa (+0.75%), Polymetal (+0.57%), Alrosa (+0.42%), Phosagro (+0.36%) and Rosneft (+0.22%).

"We expect mixed dynamics in the market today. According to our estimates, the Moscow Stock Exchange index will move in the range of 2375-2400 points," analysts of Promsvyazbank believe.