Thai stocks are set to continue their gains as dealers expect impressive first quarter earnings reports this week, while the negative factors such high oil prices are stable, analysts said. "The market will continue to gain in response to first quarter earnings coupled with a technical rebound after weeks of steep losses," Viriya Larppromratana, chief analyst at Kiatnakin Securities, said. Investors were likely to scoop up shares in key sectors such as energy, shipping, chemical and construction material this week, she said.
Viriya warned of profit-taking in the short term, although she forecast the market would test the 710-point mark, with the 680-point mark as key support.
The Stock Exchange of Thailand (SET) composite index soared 30.51 points or 4.63 percent over the past week to close Friday at 689.36 points.
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