Just in case there was any doubt...Perseus Mining and Megaport are likely to elbow their way into the benchmark S&P/ASX200 index next month, joining at the expense of Pilbara Minerals and Estia Health.
Morgan Stanley reckons S&P could make up to seven additions to the top-200, led by Perseus and Megaport. The others, in order of rank, are Centuria Office REIT, Omni Bridgeway (formerly IMF), Mesoblast, Centuria REIT and AUB Group.
The stocks most at risk of dropping out were Pilbara Minerals, Estia, HUB24, Pinnacle Investment, Jumbo Interactive, Mayne Pharma and Orocobre, the broker told clients.
It comes as there's heightened spotlight on June quarter index review, after S&P postponed any March quarter changes in light of market volatility.Morgan Stanley reckons passive funds could be seeking to buy $327 million of the top-200 contenders, and selling up to $158 million worth of the potential drop outs.
As for the other indices, Morgan Stanley expects Aristocrat Leisure to replace Amcor in the top-20, a2milk to take AMP's spot in the top-50, and bulked up gold miner Saracen Minerals to bump Whitehaven Coal out of the top-100.
S&P is scheduled to announce the June quarter changes on June 12 and implement then one week later.
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Last
$5.28 |
Change
0.090(1.73%) |
Mkt cap ! $3.822B | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.29 | $5.14 | $18.87M | 3.614M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12652 | $5.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.29 | 3513 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |