In November we wrote about October’s flight to
safety in the OTC Markets, as multi-national conglomerates like Danone (OTCQX: DANOY) and BASF SE (OTCQX: BASFY) saw huge jumps in monthly dollar volume. This was a far cry from
September when most of the securities with the highest dollar volume on the OTCQX and OTCQB markets were in emerging industries
like cannabis and crypto.
According to data from OTC Markets, November was a bit of an amalgamation of the previous two months, at least on OTCQX.
OTCQX
Four of the top five stocks with the highest dollar volume in November on OTCQX were established corporations. Swiss
pharmaceutical giant Roche, French food conglomerate Danone, and Spanish energy company Repsol S.A. all reprised their spots on the
list, while German chemical giant BASF SE was replaced by British tobacco firm Imperial Brands.
At the same time, Grayscale-sponsored Bitcoin Investment Trust was the third most-traded security of the month. Over $276,000
traded in November, the most since August.
The changes to the top five signal that while investors are still favoring names in known industries, they are not quite done
with sectors like crypto, despite recent headlines.
Company
|
Country
|
November Volume ($)
|
Roche Holding Ltd (OTCQX: RHHBY)
|
Switzerland
|
$661,432,699
|
Danone
|
France
|
$332,105,332
|
Bitcoin Investment Trust (OTCQX: GBTC)
|
USA
|
$276,976,942
|
Repsol S.A. (OTCQX: REPYY)
|
Spain
|
$186,104,485
|
Imperial Brands PLC (OTCQX: IMBBY)
|
United Kingdom
|
$182,737,306
|
OTCQB
The story on OTC Markets’ venture tier, OTCQB, is the popularity of government-sponsored mortgage giants Fannie Mae and Freddie
Mac. Though cannabis stocks represent five of the top 10 most active stocks on the OTCQB last month, the common and preferred
shares of Fannie and Freddie represented four of the top five most-active securities. $30.86 billion exchanged hands on the OTC
Markets in November, and Fannie and Freddie accounted for just over $500 million of that volume.
This dramatic increase in volume came during a month in which homebuilder and housing sentiment dropped to a two-year low among consumers thanks to rising
interest rates. At the start of November, interest rates for a 30-year fixed mortgage hit an eight-year high of 5.05, though it
fell to 4.75 percent at the start of December.
Interestingly the two preferred shares outperformed their common share counterparts. Fannie and Freddie’s preferred shares rose
11 and 7 percent respectively in November, compared to common share declines of 12 and 8.5 percent.
Company
|
Country
|
November Volume ($)
|
Fannie Mae (OTCQB: FNMAS)
|
USA
|
$200,655,061
|
CV Sciences, Inc. (OTCQB: CVSI)
|
USA
|
$196,165,693
|
Freddie Mac (OTCQB: FMCKJ)
|
USA
|
$141,120,588
|
Fannie Mae (OTCQB: FNMA)
|
USA
|
$95,543,676
|
Freddie Mac (OTCQB: FMCC)
|
USA
|
$71,715,006
|
Click here
to see the full list of November’s most active over-the-counter securities, along with their respective November dollar volume.
Click here to see the full list of October’s most
active over-the-counter securities, along with their respective October dollar volume.
Click here to see the full list of September’s most
active over-the-counter securities, along with their respective September, dollar volume.
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