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.
Below are the top 10 most actively traded securities on the OTCQX and OTCQB Markets In September.
September Dollar Volume
Grayscale Bitcoin Trust (BTC)
Roche Holding Ltd
Trulieve Cannabis Corporation
Grayscale Ethereum Trust (ETH)
Infineon Technologies AG
Wal-Mart De Mexico S.A.B. de C.V.
September Dollar Volume
RELIEF THERAPEUTICS HLDG AG
Northwest Biotherapeutics, Inc.
Galaxy Next Generation, Inc.
Giga Metals Corp
MIND MEDICINE MINDMED INC.
DSG Global Inc
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