https://www.marketindex.com.au/news/3-stocks-are-set-to-leave-asx-indices-in-july-here-are-their-likelyThese include (if the scheme is approved) the removal of:
Altium (ASX: ALU) from the ASX 100, 200 and 300 indices
Alumina (ASX: AWC) from the ASX 200, 300 and Small Ords
MMA Offshore (ASX: MRM) from the ASX 300 and Small Ords
Morgan Stanley says Telix Pharmaceuticals (ASX: TLX), Yancoal (ASX: YAL) and Zip (ASX: ZIP) are best placed to replace the three stocks across the respective indices.
Potential replacements for Altium
Telix Pharmaceuticals has been highlighted as a potential replacement for Altium in the ASX 100 Index (currently in the ASX 200)
"Telix is the highest ranked stock sitting outside of the index, with a rank of 91 (daily 6-month average float adjusted market capitalisation), and as such we have assigned its potential inclusion a higher probability," the analysts said.
The alternative to Telix is Sandfire Resources (ASX: SFR) which is ranked 92.
https://www.marketindex.com.au/news/3-stocks-are-set-to-leave-asx...
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Last
$22.90 |
Change
-0.010(0.04%) |
Mkt cap ! $7.664B | |||
| Open | High | Low | Value | Volume |
| $23.00 | $23.19 | $22.40 | $16.31M | 715.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3391 | $22.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.93 | 2866 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLX (ASX) Chart |