Wickes is poised for promotion to the FTSE 250 in a reshuffle by the London Stock Exchange, while companies such as Mobico, owner of National Express, and Ferrexpo are anticipated to be demoted.
Wickes has earned its place in the index after its share price rocketed by 35 per cent in the past three months, initiating a £20m share buyback scheme and witnessing a revival in major ticket sales, as reported by .
Gamma Communications will also ascend to the FTSE 250, transitioning from the London Stock Exchange's junior AIM market to the main market.
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Despite this, shares in the 海角视频-based business call services provider have actually dipped nine per cent over the last three months.
Two investment trusts, Ashoka India Equity Investment Trust and Pantheon Infrastructure, are also on track for promotion to the FTSE 250, having both seen their share prices surge 10 per cent over the last three months.
These changes will take effect after the market closes on 20 June.
FTSE 250 eliminations
The four additions to the FTSE 250 have resulted in Ferrexpo, Mobico and Bellevue Healthcare Trust being relegated to the FTSE Smallcap index.
Mobico now ranks more than 100 places below the threshold for the FTSE 250.
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The company announced plans to offload its North American school bus business in April for less than anticipated, causing shares to plummet.
Bellevue Healthcare Trust has faced a wave of investor withdrawals, with over a third of its shareholders expressing their desire last year to withdraw their funds, leading to a reduction in the trust's size and its relegation to the FTSE Smallcap.
The troubled mining company Ferrexpo was also dropped from the index after grappling with legal disputes and issues concerning its Ukrainian subsidiary.
There were no alterations to the FTSE 100 roster.
Deutsche Numis analyst Ewan Lovett-Turner suggested that the most noteworthy changes are likely to arise from the assortment of companies joining the FTSE Smallcap index for the first time, such as Rockwood Strategic investment trust's inclusion.
"It is difficult to know the precise impact, but we typically expect buying in the region of eight to 10 per cent of share capital over time, although timing of buying varies with some market participants try to trade based on potential changes, others when announced or effective, whilst others may take time for smaller positions," he commented.
Lovett-Turner noted that there is generally less capital tracking the FTSE 250, which means movements within it are "generally less significant," but being listed in the index usually increases a company's visibility to investors.