KLCI declined 1.88% today. 1850-1816

KLCI declined 1.88% today, from 1850 to 1816. 1850 is 50-day ma and 1786 is 200-day ma. -35 in 1 day and 30 more points is 200-day ma. Vertice Bhd, formerly Voir Holdings Bhd, has been awarded a sub-contract job valued at RM218.5mn in relation to upgrading works of the federal road from Gambang, Pahang to Segamat, Johor.  Tien Wah Press Holdings Bhd is seeking shareholders' approval to provide financial assistance of up to RM250.0min to a joint venture company and to diversify its business into property development and investment.  The Court of Appeal allowed the main contractor for the Penang International Airport 2010 and 2011 upgrading works, Syarikat Pembinaan Anggerik Sdn Bhd, to continue its legal action in relation to a RM44.0mn claim against Malaysia Airports Holdings Bhd.  CCM Duopharma Biotech Bhd aims to move up its ranking as the second top 10 pharmaceutical companies in Malaysia by value in the next 24 months from third currently, driven by its existing and new over-the-counter products to be launched.  OldTown Bhd will be delisted from Bursa Malaysia today, the same day when a notice will be sent to dissenting shareholders that Jacobs Douwe Egberts will be compulsorily acquiring the remaining stake it doesn't hold in the company.  Bina Puri Holdings Bhd plans to work with Sabah state investment arm Warisan Harta Sabah Sdn Bhd to build two small hydropower sites in Tuaran and Kota Belud, Sabah.  UMW Holdings Bhd remains interested to resume discussions with MBM Resources Bhd's major shareholders, Med-Bumikar Mara Sdn Bhd and its unit, Central Shore Sdn Bhd to acquire a 50.07% stake in MBMR.  MyEG Services Bhd has inked a preliminary agreement with Johor's state investment firm, Johor Corp, to explore the possibility of buying or leasing a piece of land located within the state's Muar Furniture Park.  Lee Swee Kiat Group Bhd is adopting a dividend payout policy of not less than 30% of its net profit for the financial year ended Dec 31, 2017 onward.   Bank of Japan Governor Haruhiko Kuroda said politics won't get in the way of exiting ultra-loose monetary policy, signalling the central bank's resolve to whittle down stimulus when inflation hits its elusive 2% target.