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OTC Markets Group Announces Quarterly Index Performance and Rebalancing

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OTC Markets Group Announces Quarterly Index Performance and Rebalancing

PR Newswire

NEW YORK, July 25, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the second quarter 2018 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 3.2% in the second quarter.  Thirty-eight new companies were added to the index, including: Anaconda Mining Inc. (OTCQX:ANXGF),  Bionomics Ltd. (OTCQX:BNOEF), Carter Bank & Trust (OTCQX:CARE), Citizens Independent Bancorp Inc. (OTCQX:CZID), Empire Bancorp Inc. (NY) (OTCQX:EMPK), First Advantage Bancorp (OTCQX:FABK) and Merchants & Marine Bancorp Inc. (OTCQX:MNMB). Thirty-eight companies were removed from the index, including: Mogo Finance Technology (OTCQX:MOGO), which graduated to NASDAQ on 4/18/18, First Choice Bancorp (OTCQX:FCBP) which graduated to NASDAQ on 5/1/18 and Standard AVB Financial (OTCQX:STND) which graduated to NASDAQ on 5/28/18.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was down 3.2% for the quarter.  Three companies were added to the index, including Solvay S.A. (OTCQX:SOLVY).  Three companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, fell 3.3% in the quarter.  Seven new companies were added to the index and 16 companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 4.4% in the quarter.  Seven companies were added to the index in the quarter and 16 companies were removed. The seven banks added were: Carter Bank & Trust (OTCQX:CARE), Citizens Independent Bancorp Inc. (OTCQX:CZID), Empire Bancorp Inc. (NY) (OTCQX:EMPK), First Advantage Bancorp (OTCQX:FABK), Mars Bancorp, Inc. (OTCQX:  MNBP), Merchants & Marine Bancorp Inc. (OTCQX:MNMB), and Town Center Bank (IL) (OTCQX:TCNB)       

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 3.3% for the quarter. Twenty-two companies were added to the index and 17 companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 0.5% in the second quarter.   Fifteen companies were added to the index and 9 companies were removed. Among those added: First Cobalt Corp. (OTCQX:FTSSF), InMed Pharmaceuticals, Inc.   (OTCQX:IMLFF), Largo Resources Ltd. (OTCQX:LGORF) and Wealth Minerals Ltd. (OTCQX:WMLLF)

The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 1.1% in the second quarter.  Sixteen companies were added to the index and 22 companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 1.0% in the second quarter.  Ninety-five companies were added to the index.  One hundred forty-three companies were removed from the index, including: Eloxx Pharmaceuticals which graduated to NASDAQ on 4/26/18, eXp World Holdings which graduated to NASDAQ on 5/21/2018 and Greenpro Capital which graduated to NASDAQ on 6/13/2018.

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 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 the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

OTC Markets Group logo. (PRNewsFoto/OTC Markets Group)

 

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SOURCE OTC Markets Group Inc.

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