OTC Markets Announces Q4 2018 Index Performance and Rebalancing

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OTC Markets Announces Q4 2018 Index Performance and Rebalancing

Last week, OTC Markets Group announced the fourth quarter 2018 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

All the OTC Indexes ended Q4 lower. The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 31.6% in the fourth quarter. The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 19.0% in the fourth quarter.  All of the indexes except for The OTCQX Banks Index (.OTCQXBK) were down over 10%.

109 companies were added to the OTCQB Venture Index and 148 were removed. Among those removed from the OTCQB Venture Index were companies that uplisted to senior exchanges including; Avalon GloboCare (AVCO) which graduated to NASDAQ on 11/5/2018, Roan Resources (ROAN) which graduated to NYSE on 11/9/2018,.Diamedica Therapeutics (DMAC) which graduated to NASDAQ on 12/7/2018, Enochian Biosciences (ENOB) which graduated to NASDAQ on 12/10/2018, Alkaline Water Company (WTER) which graduated to NASDAQ on 12/10/2018, and Datasea (DTSS) which graduated to NASDAQ on 12/19/2018.

For a list of all index additions and deletions, visit: https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

Other OTC Indexes performance and rebalances:

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was down 11.2% in the fourth quarter.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was down 11% for the quarter.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was down 10.6% in the quarter.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was down 8.3% in the fourth quarter.

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 11.2% for the quarter.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 31.6% in the fourth quarter.

The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down 13.8% in the fourth quarter.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 19.0% in the fourth quarter.

 

Learn more HERE.

 


 

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