Domino’s Pizza could face being turfed out of the ASX100 in the September rebalance, with Wilsons Advisory at this early stage calling out both the pizza maker and Arcadium Lithium as strong removal candidates.
Telix Pharmaceuticals is the sole strong candidate for addition to the ASX100 while Sandfire Resources is also a possibility.
Further down the list, Wilsons says Strike Energy, Domain and Nanosonics are strong removal candidates for the ASX200 while Yancoal Australia and Zip Co are favoured for addition. Codan is also a possibility, Wilsons says.
Morgan Stanley says there is likely to be some movement in the Small Ordinaries Index – those in the ASX300 but excluding the ASX100 companies.
“We may observe a significant change in index weight positioning at a stock, sector and aggregate level within the Small Ords, with an estimated $6.1bn in market cap (float-adjusted) leaving the index,’’ Morgan Stanley says.
“ Our analysis includes the potential departure of Telix (promoted to the 100) and removal of MMA Offshore (via acquisition).
“At sector level, energy would be the largest beneficiary.’’
Jarden deal-makers sharpen their focus on lifting share
This year expect more Australian corporations to reshape their portfolios and private equity to consider floats as an investment exit option, says Jarden Group.
Debt capital markets proceeds up
Debt capital markets proceeds for Australia increased more than 16 per cent in 2024 compared to the previous year as corporates became more confident that inflation was being reined in.