Index changes were announced by the JSE in the f irst week of June and the major changes are happening at the Top40. Exiting the index are Implats, Imperial and Life Healthcare, to be replaced by Capitec*, MMI and Brait. This means only six resource stocks remain in the index as the shift away from resources continues. The changes will be effective on close 19 June, so we should expect to see some extra activity in these shares in the days ahead of the date. That said, this is not really a trade opportunity; a lot of funds will rebalance and they will do their best to do so without moving share prices.