Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>S&amp;P DJI have proposed methodology changes to the S&amp;P/ASX family of indices to enhance representativeness and more quickly reflecting changing market conditions.</li>
<li>The main changes are lowering the minimum float threshold, shortening the market cap calculation period and the liquidity calculation period, and including buffers for additions and deletions.</li>
<li>We currently forecast 47 changes to the S&amp;P/ASX family of indices in September and the short market cap computation period could lead to more change over the next two months.</li>
</ul>


S&amp;P DJI have proposed methodology changes to the S&amp;P/ASX family of indices to enhance representativeness and more quickly reflecting changing market conditions.
The main changes are lowering the minimum float threshold, shortening the market cap calculation period and the liquidity calculation period, and including buffers for additions and deletions.
We currently forecast 47 changes to the S&amp;P/ASX family of indices in September and the short market cap computation period could lead to more change over the next two months.


S&P/ASX Indices: Proposed Methodology Changes & The BIG September Rebalance

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>In this insight, we take a look at the potential index changes for ASX 300, 200, 100, 50, and 20 in the run-up to the September 2025 index rebal event.</li>
<li>Currently, a market consultation is being conducted and there could be several significant changes made to the index selection process.</li>
<li>The official index changes will be announced after the close on Friday 5th September 2025.</li>
</ul>


In this insight, we take a look at the potential index changes for ASX 300, 200, 100, 50, and 20 in the run-up to the September 2025 index rebal event.
Currently, a market consultation is being conducted and there could be several significant changes made to the index selection process.
The official index changes will be announced after the close on Friday 5th September 2025.


Quiddity Leaderboard ASX Sep25: Exp ADDs Down Vs Exp DELs Since Methodology Change; Time to Reverse?

<ul>
<li>There will be an ad hoc inclusion for the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a> at the close on 22 July following <a href="https://www.smartkarma.com/entities/spartan-resources-ltd-australi" target="_blank" data-smartkarma-citation="entities:1818:1" rel="noopener">Spartan Resources (SPR AU)</a>'s acquisition by <a href="https://www.smartkarma.com/entities/ramelius-resources-ltd" target="_blank" data-smartkarma-citation="entities:5968:1" rel="noopener">Ramelius Resources (RMS AU)</a>. </li>
<li>There are a couple of stocks that are trading neck and neck on average free float market cap and one of them is likely to be added to the index.</li>
<li>Both stocks have seen a big increase in cumulative excess volume over the last few weeks, indicative of positioning in the stock.</li>
</ul>


There will be an ad hoc inclusion for the S&amp;P/ASX 200 (AS51 INDEX) at the close on 22 July following Spartan Resources (SPR AU)'s acquisition by Ramelius Resources (RMS AU). 
There are a couple of stocks that are trading neck and neck on average free float market cap and one of them is likely to be added to the index.
Both stocks have seen a big increase in cumulative excess volume over the last few weeks, indicative of positioning in the stock.


ASX200 Index AdHoc Rebalance Preview: Potential Replacement for Spartan Resources (SPR AU)

Looking for No-Brainers in the Micro-Cap Space, The Mikro Kap

The Mikro Kap

Looking for No-Brainers in the Micro-Cap Space

Private investor from Croatia focused on finding no-brainer opportunities in the global micro-cap space

Equity Bottom-Up

<ul><li>It’s not ground breaking but it does feature a company that is breaking ground.</li><li>Just this morning, I spoke with Mitchell Services' CEO, Andrew Elf, and CFO, Greg Switala.</li><li>This is going to be a quick update covering ten of the most important highlights from the call, with some discussion about $MSV.</li></ul>

It’s not ground breaking but it does feature a company that is breaking ground.Just this morning, I spoke with Mitchell Services' CEO, Andrew Elf, and CFO, Greg Switala.This is going to be a quick update covering ten of the most important highlights from the call, with some discussion about $MSV.

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 13th (reported today) which has an aggregated short interest worth USD16.3bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 13th (reported today) which has an aggregated short interest worth USD16.3bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo.


ASX Short Interest Weekly (Oct 13th): Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo

Australia

Perenti Global Limited operates as a diversified mining services company. The Company offers surface and underground mining solutions. Perenti Global serves customers worldwide.

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Perenti Global (PRN AU)

S&P/ASX Indices: Proposed Methodology Changes & The BIG September Rebalance

The market consultation ends in 2 weeks, and the conclusions should be announced soon after that. A lot of the stocks have moved significantly over...

Brian Freitas

Quiddity Leaderboard ASX Sep25: Exp ADDs Down Vs Exp DELs Since Methodology Change; Time to Reverse?

We believe the newly proposed methodology would be implemented during the September 2025 index review. The expected ADDs have been underperforming...

Janaghan Jeyakumar, CFA

ASX200 Index AdHoc Rebalance Preview: Potential Replacement for Spartan Resources (SPR AU)

Spartan Resources stops trading after 22 July. There will be an ad hoc inclusion to the ASX200 and there are two stocks vying for the spot. There...

Brian Freitas

Groundbreaking Research

It’s not ground breaking but it does feature a company that is breaking ground. Just this morning, I spoke with Mitchell Services' CEO, Andrew...

The Mikro Kap

ASX Short Interest Weekly (Oct 13th): Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo

We analyzed ASX short interest report for the past week and highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare,...

Ke Yan, CFA, FRM

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52-week Range

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