SHIFT CON­TIN­UES

Finweek English Edition - - SIMON SAYS - BY SIMON BROWN

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.

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