OTC Markets Group Announces Quarterly Index Performance and Rebalancing
Rhea-AI Summary
OTC Markets Group Inc. (OTCQX: OTCM) has announced the Q2 2024 performance and rebalancing of its OTCQX and OTCQB indexes. The OTCQX Composite Index rose 1%, while the OTCQX Billion+ Index increased 1.1%. The OTCQX Dividend Index gained 0.9%, but the OTCQX Banks Index fell 0.7%. The OTCQX International Index declined 1%, and the OTCQX Canada Index dropped 0.4%. The OTCQX U.S. Index decreased 3.1%, while the OTCQX Cannabis Index saw a significant 23.4% decline. The OTCQB Venture Index fell 6.1%.
Several companies moved to major exchanges, including Solarbank Corp (SUUN) to NASDAQ and Hafnia (HAFN) to NYSE. Index rebalancing occurred with additions and removals across all indexes. The indexes are market capitalization-weighted and adjusted quarterly, with real-time pricing available on OTC Markets Group's website and major financial data platforms.
Positive
- OTCQX Composite Index up 1% in Q2 2024
- OTCQX Billion+ Index up 1.1% in Q2 2024
- OTCQX Dividend Index up 0.9% in Q2 2024
- Several companies upgraded to major exchanges (NASDAQ, NYSE)
Negative
- OTCQX Banks Index down 0.7% in Q2 2024
- OTCQX International Index down 1.0% in Q2 2024
- OTCQX U.S. Index down 3.1% in Q2 2024
- OTCQX Cannabis Index down 23.4% in Q2 2024
- OTCQB Venture Index down 6.1% in Q2 2024
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the second quarter 2024 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of
The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up
The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was down
The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down
The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies index was down slightly
The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down
The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down
The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down
For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf
All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over
The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.
All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.
Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.
OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
FAQ
How did the OTCQX Composite Index perform in Q2 2024?
What was the performance of the OTCQX Cannabis Index in Q2 2024?
How many companies were added to the OTCQB Venture Index in Q2 2024?
Which OTC Markets Group indexes track international companies?
