KUALA LUMPUR (March 6): theedgemarkets.com has highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today. Two displayed positive momentum, while five displayed negative momentum.

The stocks with positive momentum were:

Malaysian Genomics Resource Centre Bhd -  up 3.5 sen or 15.91% at 25.5 sen

Comfort Gloves Bhd - up 4 sen or 4.55% at 92 sen                                                        

The stocks with negative momentum were:

Oceancash Pacific Bhd - up 5.5 sen or 10.38% at 58.5 sen

Careplus Group Bhd - up 3.5 sen or 11.86% at 33 sen

Permaju Industries Bhd - up 6.5 sen or 7.22% at 96.5 sen

Kossan Rubber Industries Bhd - up 10 sen or 2.02% at RM5.04

Adventa Bhd - up 5 sen or 7.04% at 76 sen

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.

The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell.  Note also that momentum generally only persists for a short period of time.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com