S&P Dow Jones Indices has announced a set of changes to the S&P/ASX indices following its June 2025 quarterly review, with all updates taking effect prior to the market open on June 23, 2025. The review has prompted several adjustments across the primary indices, reflecting shifts in market capitalization and a rebalancing of holdings. Notably, Brambles Limited is set to join the S&P/ASX 20 Index while James Hardie Industries PLC will be removed. In the S&P/ASX 50 Index, Evolution Mining Limited will be added and Pilbara Minerals Limited will be removed. The S&P/ASX 100 Index will see the addition of both Pinnacle Investment Management Group Limited and Perseus Mining Limited, while Paladin Energy Limited along with Viva Energy Group Limited are scheduled for removal. The S&P/ASX 200 Index is also undergoing changes, with Austal Limited and Nick Scali Limited making their debut, replacing Healius Limited and Stanmore Resources Limited. It is important to note that there will be no change to the S&P/ASX All Technology Index. Further technical details and constituent data will be available to clients through proforma files delivered after market close. Market sentiment in response to these adjustments appears mixed. On one hand, the inclusion of companies such as Evolution Mining Limited, Perseus Mining Limited, and Pinnacle Investment Management Group Limited could be seen as a bullish signal, indicating confidence in sectors that are adapting to current market dynamics. On the other hand, the removal of Paladin Energy Limited from the S&P/ASX 100 Index may generate bearish sentiment among investors associated with that company, as it could suggest a shift in market perception and potential challenges ahead. Overall, these changes are expected to realign the indices with evolving economic trends while providing early traders with new opportunities and considerations in their investment strategies.