Thai shares were tipped to post limited gains as local negative factors cleared and overseas oil prices remained a threat to the market, analysts said. "The market consolidated this past week, and I expect the market will continue to gain this week because factors such as interest rates and corruption allegations have cleared," said Sukit Udomsirikul, an analyst at Capital Nomura Securities.
The Bank of Thailand's Monetary Policy Committee on Thursday decided to raise its key 14-day repurchase rate by 25 basis points to 2.50 percent to head off increasing inflation risks.
Also Thursday, a government-appointed panel investigating bribery claims cleared Thai politicians and officials of graft allegations surrounding the procurement of bomb detectors for the new Bangkok international airport.
Sukit said the market may test the 700-point mark this week but needed heavy volume to break it or sustain it.
"I think the index will likely move up to the 695-point mark," he said.
The Stock Exchange of Thailand (SET) composite index added 3.28 points or 0.48 percent over the past week to close Friday at 679.98.
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