OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) reported its fourth quarter 2022 performance, highlighting a 15.6% increase in the OTCQX Composite Index. During this period, 43 new companies joined the index, while 42 were removed. The OTCQX Billion+ Index rose by 16.2%, with three new additions. The OTCQX Dividend Index reported a 17.3% increase, adding 12 companies. However, the OTCQX U.S. Index fell by 8.8%, despite welcoming 18 new companies. The OTCQX Cannabis Index suffered a notable decline of 24.7%. Overall, the quarterly rebalancing indicates strong performance in certain sectors while revealing weakness in others, particularly in the cannabis and U.S. markets.

Positive

• OTCQX Composite Index up 15.6% in Q4 2022.
• OTCQX Billion+ Index increased by 16.2%.
• OTCQX Dividend Index grew by 17.3%, adding 12 new companies.
• 43 new companies joined the OTCQX Composite Index.

Negative

• OTCQX U.S. Index decreased by 8.8%.
• OTCQX Cannabis Index down 24.7%, indicating significant market weakness.
• OTCQB Venture Index declined by 4.2%.

NEW YORK, Jan. 20, 2023 (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 2022 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 15.6% in Q4 2022. Forty-three new companies joined the Index while fourty-two companies were removed. Vox Royalty Corp. (VOXR) moved to Nasdaq on 10/20/2022. Computer Services Inc. (CSVI) was acquired by private investment firms on 11/15/2022.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up 16.2% in the fourth quarter. Three new companies joined the Index including AXA (OTCQX: AXAHY), Interconexion Electrica S.A. E.S.P. - ISA (OTCQX: IESFY), Tate & Lyle, PLC (OTCQX: TATYY). Eight companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies was up 17.3% in Q4 2022. Twelve new companies joined the Index, while twelve companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was up 1.7% in the fourth quarter. Fourteen banks joined the Index and seven were removed.

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 16.4% in Q4 2022. Twenty-six new companies joined the Index, while twenty-four companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies was up 7.0% in the fourth quarter. Seventeen new companies joined the Index, while seventeen companies were removed.

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down 8.8% in Q4 2022. Eighteen new companies joined the Index while eleven companies were removed.

OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 24.7% in Q4. Five new companies joined the Index, while four companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 4.2% in the fourth quarter. Ninety-one companies were added to the index while one hundred six were removed. Precision Optics Corp, Inc. (POCI) went to NASDAQ on 11/16/2022. Kwesst Micro Systems Inc. (KWE) went to NASDAQ on 12/7/2022. Additionally, 3 securities went from OTCQB to OTCQX in Q4 and are now included in at least one of the OTCQX Indices.

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 the OTCQX Composite Index in Q4 2022?

The OTCQX Composite Index increased by 15.6% in Q4 2022.

How many new companies joined the OTCQX Dividend Index in Q4 2022?

Twelve new companies joined the OTCQX Dividend Index in Q4 2022.

What was the performance of the OTCQX Cannabis Index in Q4 2022?

The OTCQX Cannabis Index fell by 24.7% in Q4 2022.

How many companies were removed from the OTCQX Composite Index in Q4 2022?

Forty-two companies were removed from the OTCQX Composite Index in Q4 2022.

What was the overall trend for the OTCQB Venture Index in Q4 2022?

The OTCQB Venture Index experienced a decline of 4.2% in Q4 2022.