Market Overview

Traders Have Rotated Into Big Multinational Companies On OTC Markets

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Traders Have Rotated Into Big Multinational Companies On OTC Markets

One of the ways we gauge market sentiment is by looking at rotation—which areas of the market, traders and investors are most bullish or bearish on, and watching how those trends change over time. 

We can track this by looking at price (the upward or downward pressure on an asset) as well as by volume (where the most attention is being paid). 

According to volume data from OTC Markets, traders rotated heavily into well-established multi-national companies last month like BNP Paribas (OTCQX: BNPQY), Infineon Technologies (OTCQX: IFNNY) and Heineken (OTCQX: HEINY). This flies in direct contrast with August, when traders piled into emerging industries like cannabis and crypto

Dollar trading volume in securities from those three firms increased an average of 193% month-over-month from August to September. Shares of Wal-Mart De Mexico S.A.B. de C.V. (OTCQX: WMMVY) were also heavily traded, with nearly one-fifth of the total dollar volume for 2020 occurring last month. 

On the other hand, several companies that were most actively traded in August—including names like Trulieve Cannabis Corporation (OTCQX: TCNNF), Curaleaf Holdings Inc. (OTCQX: CURLF), Green Thumb Industries Inc. (OTCQX: GTBIF) and Planet 13 Holdings Inc. (OTCQX: PLNHF)—all saw their dollar volume decline month-over-month in September. Even the Grayscale Bitcoin Trust (OTCQX: GBTC), which remained the most actively traded security on the OTCQX Market in September, experienced a monthly decline in dollar volume.

Overall, only three of September’s 10 most actively traded securities on the OTCQX Market (GBTC, Trulieve, and the Grayscale Ethereum Trust (OTCQX: ETHE)) could be classified as “emerging.” In August, five cannabis companies made the list. This rotation could indicate that traders were looking for exposure in more developed industries like energy, consumer staples, and healthcare. 

Venture Companies With The Highest Volume Increases

On the OTCQB Venture Market, Relief Therapeutics Holding (OTCQB: RLFTF), Northwest Biotherapeutics, Inc. (OTCQB: NWBO), Giga Metals Corp (OTCQB: HNCKF), and Basanite Inc. (OTCQB: BASA) all had dollar volume spikes of over 700% in September compared to August. 

For 2020, CytoDyn Inc. (OTCQB: CYDY) and Fannie Mae (OTCQB: FNMA) remain the most actively traded securities on the OTCQB Market, with over $6 billion of annual dollar volume between them. 

Below are the top 10 most actively traded securities on the OTCQX and OTCQB Markets In September.

OTCQX

Company Name

Symbol

Country

September Dollar Volume

Grayscale Bitcoin Trust (BTC)

GBTC

USA

$1,195,996,717

Roche Holding Ltd

RHHBY

Switzerland

$892,302,962

Danone

DANOY

France

$183,510,758

BNP Paribas

BNPQY

France

$166,817,100

Trulieve Cannabis Corporation

TCNNF

USA

$165,748,144

Heineken N.V.

HEINY

The Netherlands

$158,886,211

Grayscale Ethereum Trust (ETH)

ETHE

USA

$137,186,566

Infineon Technologies AG

IFNNY

Germany

$134,923,755

Wal-Mart De Mexico S.A.B. de C.V.

WMMVY

Mexico

$125,224,761

Experian plc

EXPGY

Ireland

$114,614,897

 

OTCQB

Company Name

Symbol

Country

September Dollar Volume

CytoDyn Inc.

CYDY

USA

$285,663,617

RELIEF THERAPEUTICS HLDG AG

RLFTF

Switzerland

$136,863,313

Northwest Biotherapeutics, Inc.

NWBO

USA

$131,245,748

Fannie Mae

FNMA

USA

$88,982,010

Galaxy Next Generation, Inc.

GAXY

USA

$75,238,072

Giga Metals Corp

HNCKF

Canada

$64,126,316

Freddie Mac

FMCC

USA

$48,682,394

MIND MEDICINE MINDMED INC.

MMEDF

Canada

$32,071,632

DSG Global Inc

DSGT

Canada

$29,909,294

Humanigen, Inc.

HGEND

USA

$28,028,966

 

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