EASING oil prices will provide relief and lure investors back to equities, possibly nudging the Kuala Lumpur Composite Index towards 900 points by year's end and 1,050 in 2005, a securities industry official said.
KLCS Asset Management Sdn Bhd chief investment officer Choo Swee Kee also said that oil consumption was not matching demand, as “a big part of the money (from equities) could have gone to the oil market due to speculation.”
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