Another view on index changes. The ASX and Standard & Poor's...

Another view on index changes.

The ASX and Standard & Poor's will announce the end result of their Quarterly Index Review on the morning of June 6 which come into effect at the market close on June 20. JP Morgan suggests which stocks may be promoted or relegated as a result of the review.

Given the subjective element to such an exercise, as noted above, JP Morgan only ascribes a high probability to Australand (ALZ) moving into the S&P/ASX 200 and Regis Resources ((RRL)) moving out, while Aurora Oil & Gas ((AUT)) will depart after takeover. Aurora will also leave the ASX 200 and Steadfast ((SDF)) is a good chance of moving in.

Thereafter, Amcom Telecommunications ((AMM)) and Japara Healthcare ((JHC)) are low chances of entering the ASX 200 with NRW Holdings ((NWH)) and Acrux ((ACR)) low chances of departing.

Transpacific Industries ((TPI)) and Fletcher Building ((FBU)) are medium chances of entering the ASX 100 while Recall Holdings ((REC)) is a low chance of dropping out.

Seek ((SEK)) and WorleyParsons ((WOR)) are a low chance of entering/departing the ASX 50 respectively while there is a low chance of Transurban ((TCL)) reaching the ASX 20, a low chance of Westfield Financial ((WFD)) departing and a low chance of Santos ((STO)) departing.