OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Rhea-AI Summary

OTC Markets Group (OTCQX: OTCM) released its Q4 2024 index performance report and quarterly rebalancing update. The OTCQX Composite Index declined 9.8%, with 32 new companies added and 31 removed. Notable migrations included three companies moving to major exchanges: Aduro Clean Technologies to NASDAQ, Mackenzie Realty Capital to NASDAQ, and Exodus Movement to NYSE MKT.

Most indexes showed negative performance in Q4 2024: the Billion+ Index (-10.0%), Dividend Index (-9.6%), International Index (-10%), and Canada Index (-12.3%). The Cannabis Index experienced the steepest decline at -42.3%. However, the Banks Index and U.S. Index showed positive returns of 11.4% and 9.8% respectively.

The OTCQB Venture Index fell 11.2%, with 106 additions and 99 removals, including five companies upgrading to NASDAQ.

Positive

• Banks Index showed strong performance with 11.4% growth in Q4 2024
• U.S. Index posted positive returns of 9.8% in Q4 2024
• Eight companies successfully upgraded to major exchanges (NASDAQ, NYSE)

Negative

• OTCQX Composite Index declined 9.8% in Q4
• Cannabis Index suffered severe decline of 42.3%
• OTCQX Canada Index dropped 12.3%
• OTCQB Venture Index decreased 11.2%

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the fourth 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 down 9.8% in Q4 2024. 32 new companies joined the Index while 31 companies were removed. Aduro Clean Technologies (ADUR) went to NASDAQ on 11/7/2024. Mackenzie Realty Capital (MKZR) went to NASDAQ on 11/11/2024. Exodus Movement (EXOD) went to NYSE MKT on 12/18/2024.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was down 10.0% in Q4 2024. 6 new companies joined the Index and 4 companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was down 9.6% in Q4 2024. 12 new companies joined the Index, while 9 companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was up 11.4% in Q4 2024. 6 companies joined the Index while 7 companies were removed.

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 10% in Q4 2024. 19 new companies joined the Index while 21 companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies index was down 12.3% in Q4 2024. 16 new companies joined the Index while 18 companies were removed.

The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 9.8% in Q4 2024. 13 new companies joined the Index while 10 companies were removed.

The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 42.3% in Q4 2024. No new company joined the Index while 1 company was removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 11.2% in Q4 2024. 106 companies were added to the index while 99 companies were removed. BioSig Technologies (BSGM) went to NASDAQ on 10/23/2024. Thumzup Media Corporation (TZUP) went to NASDAQ on 10/29/2024. Alpha Cognition (ACOG) went to NASDAQ on 11/12/2024. BioHarvest Sciences (BHST) went to NASDAQ on 11/12/2024. TSS, Inc (TSSI) went to NASDAQ on 11/14/2024.

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 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

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

What was the performance of OTCM's Cannabis Index in Q4 2024?

The OTCQX Cannabis Index (.OTCQXMJ) declined significantly by 42.3% in Q4 2024, with one company being removed and no new additions.

How many companies moved from OTCQX to major exchanges in Q4 2024?

Three companies moved from OTCQX to major exchanges: Aduro Clean Technologies and Mackenzie Realty Capital to NASDAQ, and Exodus Movement to NYSE MKT.

Which OTCM indexes showed positive performance in Q4 2024?

Two indexes showed positive performance: the OTCQX Banks Index gained 11.4% and the OTCQX U.S. Index rose 9.8% in Q4 2024.

How did the OTCQX Billion+ Index perform in Q4 2024?

The OTCQX Billion+ Index (.OTCQXBIL), tracking companies with market caps over $1 billion, declined 10.0% in Q4 2024, with 6 new companies joining and 4 being removed.