Analisis Pengaruh Pengumuman Bond Rating Terhadap Harga dan Volume Perdagangan Saham Sektor Perdagangan, Jasa dan Investasi
LAMPIRAN
Lampiran 1
No
1
2
3
4
5
6
7
8
9
10
11
12
Sampel Perusahaan yang Melakukan Bond Rating
Kode
Emiten
Tanggal
Pengumuman
IDKM
ASGR
MNCN
BUVA
LTLS
MPPA
SCMA
BMTR
INTA
MAPI
AKRA
PJAA
Indosiar Karya Media Tbk
Astra Graphia Tbk
Media Nusantara Citra Tbk
Bukit Uluwatu Villa Tbk
Lautan Luas
Matahari Putra Prima Tbk
Surya Citra Media Tbk
Global Mediacom Tbk
Intraco Penta Tbk
Mitra Adiperkasa Tbk
Akr Corporindo Tbk
Pembangunan Jaya Ancol
03 Juli 2008
25 Juli 2008
23 Oktober 2009
07 November 2011
15 Februari 2012
14 Maret 2012
05 April 2012
05 Juli 2012
03 Agustus 2012
13 November 2012
19 November 2012
26 November 2012
Peringkat
Bond
Rating
BB+
A
A
BBB+
AA+
A+
A+
A
AAAAA-
Lampiran 2
Harga dan Volume Perdagangan Saham Sektor Perdagangan, Jasa dan
Investasi Sebelum dan Sesudah Pengumuman Bond Rating
IDKM
Harga Saham
Volume Perdagangan Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
Sebelum
70.00
75.00
77.00
69.00
71.00
72.00
80.00
70.00
63.00
73.00
72.00
74.00
Sesudah
70.00
62.00
67.00
68.00
67.00
61.00
59.00
61.00
60.00
61.00
61.00
57.00
Sebelum
0
250
70
0
237,5
0
5
0
0
12,5
0
5
Sesudah
257,5
0
75
1,190,000
300
0
0
290
0
1,140,000
300
0
60
Universitas Sumatera Utara
13
14
15
16
17
18
19
20
76.00
77.00
76.00
75.00
74.00
77.00
77.00
76.00
66.00
66.00
61.00
67.00
63.00
67.00
68.00
68.00
645
775
0
0
0
1,250,000
900
500
37,5
2,5
0
1,100,000
1,525,000
502,5
50
43,25
ASGR
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
450.00
440.00
435.00
420.00
425.00
430.00
440.00
445.00
460.00
455.00
445.00
450.00
445.00
455.00
460.00
455.00
480.00
500.00
500.00
510.00
Volume Perdagangan Saham
Sesudah
295.00
310.00
350.00
355.00
375.00
390.00
390.00
410.00
415.00
420.00
415.00
415.00
420.00
420.00
415.00
415.00
415.00
415.00
405.00
410.00
Sebelum
886,5
310,5
656,5
189
673,5
310
286,5
284,5
593,5
1,323,000
943
594
687,5
543
262,5
1,459,000
107
265
287
293
Sesudah
1,822,500
624,5
239
466
69,5
194
328,5
362,5
445
246
14
122
545,5
248,5
81,5
5
75,5
457
326
384,5
61
Universitas Sumatera Utara
MNCN
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
235.00
235.00
250.00
255.00
265.00
265.00
270.00
270.00
270.00
265.00
270.00
265.00
275.00
270.00
280.00
280.00
280.00
280.00
280.00
Volume Perdagangan Saham
Sesudah
225.00
225.00
230.00
235.00
196.00
196.00
200.00
200.00
215.00
210.00
205.00
215.00
205.00
205.00
210.00
205.00
198.00
210.00
220.00
225.00
Sebelum
25,883,500
10,571,000
8,569,000
18,746,000
1,486,500
9,868,500
4,101,500
4,189,500
2,900,500
1,486,000
3,641,000
7,187,500
1,198,500
2,762,000
4,704,500
12,492,500
2,201,500
23,196,000
21,176,000
Sesudah
24,911,000
17,134,000
54,961,500
95,065,000
2,529,500
6,962,500
25,019,000
2,267,000
3,465,500
4,337,000
2,236,000
9,198,000
7,187,000
3,493,500
16,329,000
7,962,000
8,816,500
27,769,000
4,251,000
5,200,00
BUVA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
Sebelum
415.00
415.00
415.00
415.00
420.00
430.00
410.00
420.00
425.00
400.00
Volume Perdagangan Saham
Sesudah
395.00
395.00
395.00
400.00
395.00
395.00
390.00
390.00
395.00
385.00
Sebelum
1,397,500
529,5
1,290,500
172,5
2,984,500
4,496,500
570
190
1,150,500
25
Sesudah
184,5
0
282,5
246,5
141
658,5
181
103
200,5
485
62
Universitas Sumatera Utara
11
12
13
14
15
16
17
18
19
20
405.00
410.00
410.00
410.00
400.00
410.00
400.00
390.00
380.00
385.00
390.00
400.00
405.00
400.00
405.00
405.00
400.00
415.00
415.00
405.00
92,5
3,071,000
1,802,000
3
24,5
70
36,5
179
6,5
3,5
189
167
266
364,5
836
252,5
343
1,174,500
784,5
3,5
LTLS
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
880.00
880.00
880.00
890.00
890.00
880.00
890.00
890.00
900.00
910.00
910.00
920.00
940.00
940.00
1,000.00
1,040.00
930.00
930.00
920.00
920.00
Volume Perdagangan Saham
Sesudah
860.00
860.00
860.00
850.00
850.00
850.00
860.00
870.00
850.00
870.00
870.00
850.00
870.00
890.00
910.00
930.00
890.00
890.00
880.00
880.00
Sebelum
327
175,5
146,5
589
1,361,500
2,477,000
584
1,374,500
905,5
772,5
862
1,232,500
1,259,000
1,667,500
14,309,500
112,265,500
79,071,000
0
1,289,500
2,023,000
Sesudah
230,5
948,5
90
307,5
878
766
358
633,5
474
263
319,5
195,5
469,5
883
2,077,000
4,223,000
406,5
342,5
601,5
543,5
63
Universitas Sumatera Utara
MPPA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
1,760.00
1,760.00
1,760.00
1,760.00
1,770.00
1,780.00
1,780.00
1,780.00
1,800.00
1,780.00
1,760.00
1,670.00
1,700.00
1,780.00
1,780.00
1,800.00
1,790.00
1,860.00
1,870.00
1,880.00
Volume Perdagangan Saham
Sesudah
1,660.00
1,640.00
1,680.00
1,730.00
1,730.00
1,810.00
1,810.00
1,860.00
1,820.00
1,820.00
1,890.00
1,890.00
1,910.00
1,880.00
1,870.00
1,810.00
1,810.00
1,780.00
1,830.00
1,870.00
Sebelum
8,177,000
0
4,886,500
3,223,000
8,660,500
6,119,000
6,043,000
9,156,500
5,015,000
21,788,500
77,587,500
14,221,500
15,667,500
0
4,031,500
20,936,500
15,018,500
6,393,500
18,162,000
8,445,000
Sesudah
2,079,500
4,692,000
2,773,000
1,339,000
7,398,000
1,454,000
1,454,000
2,903,500
0
6,721,000
1,754,500
1,881,500
5,759,000
6,126,500
25,547,500
5,491,000
8,297,500
6,433,000
11,350,500
7,533,000
SCMA
Harga Saham
No.
1
2
3
4
5
6
7
Sebelum
1,650.00
1,680.00
1,680.00
1,610.00
1,700.00
1,720.00
1,720.00
Volume Perdagangan Saham
Sesudah
1,680.00
1,680.00
1,700.00
1,700.00
1,680.00
1,680.00
1,680.00
Sebelum
30
0
20
2,792,500
6,562,500
22,5
365
Sesudah
5,882,500
5
197,5
1,337,500
480
1,007,500
10
64
Universitas Sumatera Utara
8
9
10
11
12
13
14
15
16
17
18
19
20
1,720.00
1,710.00
1,710.00
1,710.00
1,720.00
1,740.00
1,760.00
1,730.00
1,730.00
1,710.00
1,710.00
1,760.00
1,740.00
1,640.00
1,640.00
1,650.00
1,650.00
1,630.00
1,620.00
1,600.00
1,630.00
1,630.00
1,630.00
1,640.00
1,640.00
1,630.00
112,5
0
135
175
327,5
490
420
305
262,5
125
172,5
365
94,5
637,5
2,267,500
47,5
210
1,080,000
225
492,5
12,5
12,5
77,5
12,5
0
65,5
BMTR
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
1,650.00
1,600.00
1,540.00
1,520.00
1,480.00
1,510.00
1,480.00
1,480.00
1,480.00
1,490.00
1,510.00
1,510.00
1,430.00
1,330.00
1,320.00
1,360.00
1,290.00
1,300.00
1,280.00
1,490.00
Volume Perdagangan Saham
Sesudah
1,750.00
1,740.00
1,740.00
1,730.00
1,740.00
1,750.00
1,740.00
1,730.00
1,740.00
1,700.00
1,690.00
1,650.00
1,640.00
1,600.00
1,560.00
1,520.00
1,510.00
1,560.00
1,650.00
1,700.00
Sebelum
19,661,000
27,631,500
30,875,000
18,059,500
17,561,000
20,474,500
8,799,500
9,061,000
6,447,500
22,166,000
38,756,500
49,269,500
50,360,000
11,211,000
46,598,500
45,329,500
12,312,000
29,976,000
17,436,500
22,166,000
Sesudah
12,674,500
20,984,500
18,887,000
16,767,500
10,589,500
13,711,500
26,299,500
24,637,500
32,894,000
26,179,000
44,963,000
20,439,000
25,868,500
26,419,500
38,221,500
23,954,500
18,343,500
24,149,500
18,799,000
26,179,000
65
Universitas Sumatera Utara
INTA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
680.00
690.00
700.00
710.00
710.00
690.00
700.00
700.00
700.00
720.00
730.00
730.00
730.00
700.00
710.00
720.00
730.00
740.00
730.00
700.00
Volume Perdagangan Saham
Sesudah
600.00
610.00
630.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
660.00
650.00
660.00
670.00
680.00
670.00
680.00
650.00
Sebelum
6,498,500
7,339,500
12,663,000
3,117,000
3,818,500
2,648,500
1,344,000
9,422,500
4,538,500
5,147,500
6,571,500
13,232,000
26,034,500
4,950,500
5,824,000
6,243,500
4,971,000
10,844,500
4,245,500
4,950,500
Sesudah
5,813,500
8,361,000
11,057,000
3,049,000
6,112,500
3,855,500
0
0
0
0
4,529,000
5,910,500
2,300,000
9,233,000
4,530,000
7,605,000
12,262,000
6,021,000
8,707,000
9,233,000
MAPI
Harga Saham
No.
1
2
3
4
Sebelum
6,600.00
6,500.00
6,500.00
6,350.00
Volume Perdagangan Saham
Sesudah
6,700.00
6,850.00
7,000.00
7,100.00
Sebelum
3,362,000
1,445,500
8,257,500
11,044,000
Sesudah
4,147,500
2,626,500
1,720,000
1,770,500
66
Universitas Sumatera Utara
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
6,150.00
6,050.00
6,250.00
6,400.00
6,550.00
6,600.00
6,600.00
6,600.00
6,600.00
6,700.00
6,600.00
6,650.00
6,700.00
6,850.00
6,850.00
6,400.00
7,250.00
7,200.00
7,150.00
7,100.00
7,000.00
6,850.00
7,000.00
7,050.00
6,850.00
6,800.00
6,800.00
6,800.00
6,600.00
6,550.00
6,550.00
7,100.00
7,377,000
6,845,500
9,825,500
3,756,500
1,218,500
2,239,000
448
0
2,450,000
1,236,500
2,577,000
4,186,500
1,577,000
4,768,000
2,815,500
3,756,500
2,393,500
3,602,000
3,661,000
1,927,500
2,436,000
1,175,000
3,767,000
4,512,500
3,197,000
1,567,000
2,965,500
7,540,000
3,399,000
0
3,443,500
1,927,500
AKRA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Sebelum
4,625.00
4,625.00
4,675.00
4,625.00
4,550.00
4,450.00
4,450.00
4,350.00
4,325.00
4,350.00
4,400.00
4,450.00
4,475.00
4,475.00
4,450.00
4,450.00
4,450.00
4,475.00
Volume Perdagangan Saham
Sesudah
4,000.00
4,175.00
4,275.00
4,175.00
4,200.00
4,175.00
4,200.00
4,175.00
4,200.00
4,175.00
4,300.00
4,300.00
4,250.00
4,375.00
4,375.00
4,350.00
4,400.00
4,350.00
Sebelum
0
8,543,500
11,105,500
17,175,500
9,094,500
4,254,000
13,734,500
8,258,500
6,559,500
7,418,500
10,709,500
6,107,500
5,771,500
9,512,500
0
10,107,500
12,074,500
9,919,500
Sesudah
3,950.67
4,123.51
4,222.27
4,123.51
4,148.20
4,123.51
4,148.20
4,123.51
4,148.20
4,123.51
4,246.97
4,246.97
4,197.58
4,321.04
4,321.04
4,296.35
4,345.73
4,296.35
67
Universitas Sumatera Utara
19
20
4,475.00
4,475.00
4,425.00
4,250.00
6,231,000
5,771,500
4,370.42
4,197.58
PJAA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
870.00
860.00
840.00
870.00
870.00
870.00
870.00
870.00
880.00
860.00
850.00
860.00
870.00
870.00
880.00
880.00
880.00
880.00
880.00
880.00
Volume Perdagangan Saham
Sesudah
840.00
840.00
830.00
850.00
840.00
850.00
850.00
850.00
860.00
850.00
850.00
850.00
850.00
850.00
850.00
850.00
870.00
870.00
880.00
850.00
Sebelum
78
107,5
31
10,5
14,5
0
137,5
27
3,5
12
2
16,5
8,5
3,5
60,5
206
45
117
6,5
60,5
Sesudah
7,5
8
172
32,5
81,5
26
13,5
201
26
40
46
56,5
125,5
190
82
39
395
73,5
1,421,000
82
68
Universitas Sumatera Utara
Lampiran 3
Hasil Analisis Regresi
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Perdagangan
Model Summaryb
Model
Change Statistics
R Square
Change
1
F Change
.260
df1
df2
13.007
1
Sig. F Change
37
Durbin-Watson
.001
.705
b. Dependent Variable: Bond Rating Sektor Perdagangan
ANOVAb
Model
1
Sum of Squares
Df
Mean Square
Regression
107.079
1
107.079
Residual
304.588
37
8.232
Total
411.667
38
F
13.007
Sig.
.001a
a. Predictors: (Constant), Volume Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan
69
Universitas Sumatera Utara
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
Coefficients
Std. Error
(Constant)
.976
.799
Volume Perdagangan
.007
.002
Beta
t
.510
Sig.
1.222
.229
3.607
.001
a. Dependent Variable: Bond Rating Sektor Perdagangan
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Perdagangan
Model Summaryb
Model
R
1
.426a
R Square
.182
Adjusted R
Std. Error of the
Square
Estimate
.160
3.01616
a. Predictors: (Constant), Harga Saham Sektor Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan
70
Universitas Sumatera Utara
Model Summaryb
Model
Change Statistics
R Square
Change
1
.182
F Change
8.443
df1
df2
1
Sig. F Change
38
Durbin-Watson
.006
.349
b. Dependent Variable: Bond Rating Sektor Perdagangan
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
F
76.805
1
76.805
Residual
345.695
38
9.097
Total
422.500
39
8.443
Sig.
.006a
a. Predictors: (Constant), Harga Saham Sektor Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan
71
Universitas Sumatera Utara
Coefficientsa
Model
Unstandardized
Standardized
Coefficients
Coefficients
B
1
(Constant)
Harga Saham
Std. Error
43.154
-.009
Beta
13.742
.003
t
Sig.
3.140
-.426
-2.906
.003
.006
Sektor
Perdagangan
a. Dependent Variable: Bond Rating Sektor Perdagangan
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Jasa
Model Summaryb
Model
R
1
.759a
R Square
Adjusted R
Std. Error of the
Square
Estimate
.577
.566
1.80241
a. Predictors: (Constant), Volume Jasa
b. Dependent Variable: Bond rating Sektor Jasa
72
Universitas Sumatera Utara
Model Summaryb
Model
Change Statistics
R Square
Change
1
.577
F Change
df1
df2
51.760
1
Sig. F Change
38
Durbin-Watson
.000
.946
b. Dependent Variable: Bond rating Sektor Jasa
ANOVAb
Model
1
Sum of Squares
Df
Mean Square
F
Regression
168.151
1
168.151
Residual
123.449
38
3.249
Total
291.600
39
Sig.
51.760
.000a
T
Sig.
a. Predictors: (Constant), Volume Jasa
b. Dependent Variable: Bond rating Sektor Jasa
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Volume Jasa
Std. Error
1.142
.358
2.953E-7
.000
Coefficients
Beta
.759
3.190
.003
7.194
.000
a. Dependent Variable: Bond rating Sektor Jasa
73
Universitas Sumatera Utara
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Jasa
Model Summaryb
Model
R
Std. Error of the
Square
Estimate
R Square
.924a
1
Adjusted R
.854
.850
1.05772
a. Predictors: (Constant), Harga Saham Sektor Jasa
b. Dependent Variable: Bond rating Sektor Jasa
Model Summaryb
Model
Change Statistics
R Square
Change
1
.854
F Change
df1
222.642
df2
1
Sig. F Change
38
.000
Durbin-Watson
.576
b. Dependent Variable: Bond rating Sektor Jasa
74
Universitas Sumatera Utara
ANOVAb
Model
1
Sum of Squares
Regression
Residual
Total
df
Mean Square
F
249.087
1
249.087
42.513
38
1.119
291.600
39
Sig.
222.642
.000a
a. Predictors: (Constant), Harga Saham Sektor Jasa
b. Dependent Variable: Bond rating Sektor Jasa
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Harga Saham
Std. Error
-43.415
.358
.102
.000
Coefficients
Beta
t
.924
Sig.
-14.027
.000
14.921
.000
Sektor Jasa
a.
Dependent Variable: Bond rating Sektor Jasa
75
Universitas Sumatera Utara
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Std. Error
Beta
-43.415
.358
.102
.000
Harga Saham
Coefficients
t
.924
Sig.
-14.027
.000
14.921
.000
Sektor Jasa
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Investasi
Model Summaryb
Model
R
1
.537a
R Square
Adjusted R
Std. Error of the
Square
Estimate
.288
.267
2.51887
a. Predictors: (Constant), Volume Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Model Summaryb
Model
Change Statistics
R Square
Change
F Change
df1
df2
Sig. F Change
Durbin-Watson
76
Universitas Sumatera Utara
1
.288
13.365
1
33
.001
.361
b. Dependent Variable: Bond Rating Sektor Investasi
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
F
84.796
1
84.796
Residual
209.376
33
6.345
Total
294.171
34
Sig.
13.365
.001a
a. Predictors: (Constant), Volume Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Volume Investasi
Std. Error
50.752
12.858
-.011
.003
Coefficients
Beta
t
-.537
Sig.
3.947
.000
-3.656
.001
a. Dependent Variable: Bond Rating Sektor Investasi
Model Summaryb
77
Universitas Sumatera Utara
Model
R
Std. Error of the
Square
Estimate
R Square
.926a
1
Adjusted R
.858
.854
1.12396
a. Predictors: (Constant), Harga Saham Sektor Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Investasi
Model Summaryb
Model
Change Statistics
R Square
Change
1
.858
F Change
199.863
df1
df2
1
Sig. F Change
33
.000
Durbin-Watson
1.351
b. Dependent Variable: Bond Rating Sektor Investasi
ANOVAb
78
Universitas Sumatera Utara
Model
1
Sum of Squares
Regression
Mean Square
F
252.483
1
252.483
41.688
33
1.263
294.171
34
Residual
Total
df
Sig.
199.863
.000a
a. Predictors: (Constant), Harga Saham Sektor Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Harga Saham
Std. Error
5.686
.233
-3.671E-6
.000
Coefficients
Beta
t
-.926
Sig.
24.371
.000
-14.137
.000
Sektor Investasi
a. Dependent Variable: Bond Rating Sektor Investasi
79
Universitas Sumatera Utara
Lampiran 1
No
1
2
3
4
5
6
7
8
9
10
11
12
Sampel Perusahaan yang Melakukan Bond Rating
Kode
Emiten
Tanggal
Pengumuman
IDKM
ASGR
MNCN
BUVA
LTLS
MPPA
SCMA
BMTR
INTA
MAPI
AKRA
PJAA
Indosiar Karya Media Tbk
Astra Graphia Tbk
Media Nusantara Citra Tbk
Bukit Uluwatu Villa Tbk
Lautan Luas
Matahari Putra Prima Tbk
Surya Citra Media Tbk
Global Mediacom Tbk
Intraco Penta Tbk
Mitra Adiperkasa Tbk
Akr Corporindo Tbk
Pembangunan Jaya Ancol
03 Juli 2008
25 Juli 2008
23 Oktober 2009
07 November 2011
15 Februari 2012
14 Maret 2012
05 April 2012
05 Juli 2012
03 Agustus 2012
13 November 2012
19 November 2012
26 November 2012
Peringkat
Bond
Rating
BB+
A
A
BBB+
AA+
A+
A+
A
AAAAA-
Lampiran 2
Harga dan Volume Perdagangan Saham Sektor Perdagangan, Jasa dan
Investasi Sebelum dan Sesudah Pengumuman Bond Rating
IDKM
Harga Saham
Volume Perdagangan Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
Sebelum
70.00
75.00
77.00
69.00
71.00
72.00
80.00
70.00
63.00
73.00
72.00
74.00
Sesudah
70.00
62.00
67.00
68.00
67.00
61.00
59.00
61.00
60.00
61.00
61.00
57.00
Sebelum
0
250
70
0
237,5
0
5
0
0
12,5
0
5
Sesudah
257,5
0
75
1,190,000
300
0
0
290
0
1,140,000
300
0
60
Universitas Sumatera Utara
13
14
15
16
17
18
19
20
76.00
77.00
76.00
75.00
74.00
77.00
77.00
76.00
66.00
66.00
61.00
67.00
63.00
67.00
68.00
68.00
645
775
0
0
0
1,250,000
900
500
37,5
2,5
0
1,100,000
1,525,000
502,5
50
43,25
ASGR
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
450.00
440.00
435.00
420.00
425.00
430.00
440.00
445.00
460.00
455.00
445.00
450.00
445.00
455.00
460.00
455.00
480.00
500.00
500.00
510.00
Volume Perdagangan Saham
Sesudah
295.00
310.00
350.00
355.00
375.00
390.00
390.00
410.00
415.00
420.00
415.00
415.00
420.00
420.00
415.00
415.00
415.00
415.00
405.00
410.00
Sebelum
886,5
310,5
656,5
189
673,5
310
286,5
284,5
593,5
1,323,000
943
594
687,5
543
262,5
1,459,000
107
265
287
293
Sesudah
1,822,500
624,5
239
466
69,5
194
328,5
362,5
445
246
14
122
545,5
248,5
81,5
5
75,5
457
326
384,5
61
Universitas Sumatera Utara
MNCN
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
235.00
235.00
250.00
255.00
265.00
265.00
270.00
270.00
270.00
265.00
270.00
265.00
275.00
270.00
280.00
280.00
280.00
280.00
280.00
Volume Perdagangan Saham
Sesudah
225.00
225.00
230.00
235.00
196.00
196.00
200.00
200.00
215.00
210.00
205.00
215.00
205.00
205.00
210.00
205.00
198.00
210.00
220.00
225.00
Sebelum
25,883,500
10,571,000
8,569,000
18,746,000
1,486,500
9,868,500
4,101,500
4,189,500
2,900,500
1,486,000
3,641,000
7,187,500
1,198,500
2,762,000
4,704,500
12,492,500
2,201,500
23,196,000
21,176,000
Sesudah
24,911,000
17,134,000
54,961,500
95,065,000
2,529,500
6,962,500
25,019,000
2,267,000
3,465,500
4,337,000
2,236,000
9,198,000
7,187,000
3,493,500
16,329,000
7,962,000
8,816,500
27,769,000
4,251,000
5,200,00
BUVA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
Sebelum
415.00
415.00
415.00
415.00
420.00
430.00
410.00
420.00
425.00
400.00
Volume Perdagangan Saham
Sesudah
395.00
395.00
395.00
400.00
395.00
395.00
390.00
390.00
395.00
385.00
Sebelum
1,397,500
529,5
1,290,500
172,5
2,984,500
4,496,500
570
190
1,150,500
25
Sesudah
184,5
0
282,5
246,5
141
658,5
181
103
200,5
485
62
Universitas Sumatera Utara
11
12
13
14
15
16
17
18
19
20
405.00
410.00
410.00
410.00
400.00
410.00
400.00
390.00
380.00
385.00
390.00
400.00
405.00
400.00
405.00
405.00
400.00
415.00
415.00
405.00
92,5
3,071,000
1,802,000
3
24,5
70
36,5
179
6,5
3,5
189
167
266
364,5
836
252,5
343
1,174,500
784,5
3,5
LTLS
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
880.00
880.00
880.00
890.00
890.00
880.00
890.00
890.00
900.00
910.00
910.00
920.00
940.00
940.00
1,000.00
1,040.00
930.00
930.00
920.00
920.00
Volume Perdagangan Saham
Sesudah
860.00
860.00
860.00
850.00
850.00
850.00
860.00
870.00
850.00
870.00
870.00
850.00
870.00
890.00
910.00
930.00
890.00
890.00
880.00
880.00
Sebelum
327
175,5
146,5
589
1,361,500
2,477,000
584
1,374,500
905,5
772,5
862
1,232,500
1,259,000
1,667,500
14,309,500
112,265,500
79,071,000
0
1,289,500
2,023,000
Sesudah
230,5
948,5
90
307,5
878
766
358
633,5
474
263
319,5
195,5
469,5
883
2,077,000
4,223,000
406,5
342,5
601,5
543,5
63
Universitas Sumatera Utara
MPPA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
1,760.00
1,760.00
1,760.00
1,760.00
1,770.00
1,780.00
1,780.00
1,780.00
1,800.00
1,780.00
1,760.00
1,670.00
1,700.00
1,780.00
1,780.00
1,800.00
1,790.00
1,860.00
1,870.00
1,880.00
Volume Perdagangan Saham
Sesudah
1,660.00
1,640.00
1,680.00
1,730.00
1,730.00
1,810.00
1,810.00
1,860.00
1,820.00
1,820.00
1,890.00
1,890.00
1,910.00
1,880.00
1,870.00
1,810.00
1,810.00
1,780.00
1,830.00
1,870.00
Sebelum
8,177,000
0
4,886,500
3,223,000
8,660,500
6,119,000
6,043,000
9,156,500
5,015,000
21,788,500
77,587,500
14,221,500
15,667,500
0
4,031,500
20,936,500
15,018,500
6,393,500
18,162,000
8,445,000
Sesudah
2,079,500
4,692,000
2,773,000
1,339,000
7,398,000
1,454,000
1,454,000
2,903,500
0
6,721,000
1,754,500
1,881,500
5,759,000
6,126,500
25,547,500
5,491,000
8,297,500
6,433,000
11,350,500
7,533,000
SCMA
Harga Saham
No.
1
2
3
4
5
6
7
Sebelum
1,650.00
1,680.00
1,680.00
1,610.00
1,700.00
1,720.00
1,720.00
Volume Perdagangan Saham
Sesudah
1,680.00
1,680.00
1,700.00
1,700.00
1,680.00
1,680.00
1,680.00
Sebelum
30
0
20
2,792,500
6,562,500
22,5
365
Sesudah
5,882,500
5
197,5
1,337,500
480
1,007,500
10
64
Universitas Sumatera Utara
8
9
10
11
12
13
14
15
16
17
18
19
20
1,720.00
1,710.00
1,710.00
1,710.00
1,720.00
1,740.00
1,760.00
1,730.00
1,730.00
1,710.00
1,710.00
1,760.00
1,740.00
1,640.00
1,640.00
1,650.00
1,650.00
1,630.00
1,620.00
1,600.00
1,630.00
1,630.00
1,630.00
1,640.00
1,640.00
1,630.00
112,5
0
135
175
327,5
490
420
305
262,5
125
172,5
365
94,5
637,5
2,267,500
47,5
210
1,080,000
225
492,5
12,5
12,5
77,5
12,5
0
65,5
BMTR
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
1,650.00
1,600.00
1,540.00
1,520.00
1,480.00
1,510.00
1,480.00
1,480.00
1,480.00
1,490.00
1,510.00
1,510.00
1,430.00
1,330.00
1,320.00
1,360.00
1,290.00
1,300.00
1,280.00
1,490.00
Volume Perdagangan Saham
Sesudah
1,750.00
1,740.00
1,740.00
1,730.00
1,740.00
1,750.00
1,740.00
1,730.00
1,740.00
1,700.00
1,690.00
1,650.00
1,640.00
1,600.00
1,560.00
1,520.00
1,510.00
1,560.00
1,650.00
1,700.00
Sebelum
19,661,000
27,631,500
30,875,000
18,059,500
17,561,000
20,474,500
8,799,500
9,061,000
6,447,500
22,166,000
38,756,500
49,269,500
50,360,000
11,211,000
46,598,500
45,329,500
12,312,000
29,976,000
17,436,500
22,166,000
Sesudah
12,674,500
20,984,500
18,887,000
16,767,500
10,589,500
13,711,500
26,299,500
24,637,500
32,894,000
26,179,000
44,963,000
20,439,000
25,868,500
26,419,500
38,221,500
23,954,500
18,343,500
24,149,500
18,799,000
26,179,000
65
Universitas Sumatera Utara
INTA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
680.00
690.00
700.00
710.00
710.00
690.00
700.00
700.00
700.00
720.00
730.00
730.00
730.00
700.00
710.00
720.00
730.00
740.00
730.00
700.00
Volume Perdagangan Saham
Sesudah
600.00
610.00
630.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
660.00
650.00
660.00
670.00
680.00
670.00
680.00
650.00
Sebelum
6,498,500
7,339,500
12,663,000
3,117,000
3,818,500
2,648,500
1,344,000
9,422,500
4,538,500
5,147,500
6,571,500
13,232,000
26,034,500
4,950,500
5,824,000
6,243,500
4,971,000
10,844,500
4,245,500
4,950,500
Sesudah
5,813,500
8,361,000
11,057,000
3,049,000
6,112,500
3,855,500
0
0
0
0
4,529,000
5,910,500
2,300,000
9,233,000
4,530,000
7,605,000
12,262,000
6,021,000
8,707,000
9,233,000
MAPI
Harga Saham
No.
1
2
3
4
Sebelum
6,600.00
6,500.00
6,500.00
6,350.00
Volume Perdagangan Saham
Sesudah
6,700.00
6,850.00
7,000.00
7,100.00
Sebelum
3,362,000
1,445,500
8,257,500
11,044,000
Sesudah
4,147,500
2,626,500
1,720,000
1,770,500
66
Universitas Sumatera Utara
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
6,150.00
6,050.00
6,250.00
6,400.00
6,550.00
6,600.00
6,600.00
6,600.00
6,600.00
6,700.00
6,600.00
6,650.00
6,700.00
6,850.00
6,850.00
6,400.00
7,250.00
7,200.00
7,150.00
7,100.00
7,000.00
6,850.00
7,000.00
7,050.00
6,850.00
6,800.00
6,800.00
6,800.00
6,600.00
6,550.00
6,550.00
7,100.00
7,377,000
6,845,500
9,825,500
3,756,500
1,218,500
2,239,000
448
0
2,450,000
1,236,500
2,577,000
4,186,500
1,577,000
4,768,000
2,815,500
3,756,500
2,393,500
3,602,000
3,661,000
1,927,500
2,436,000
1,175,000
3,767,000
4,512,500
3,197,000
1,567,000
2,965,500
7,540,000
3,399,000
0
3,443,500
1,927,500
AKRA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Sebelum
4,625.00
4,625.00
4,675.00
4,625.00
4,550.00
4,450.00
4,450.00
4,350.00
4,325.00
4,350.00
4,400.00
4,450.00
4,475.00
4,475.00
4,450.00
4,450.00
4,450.00
4,475.00
Volume Perdagangan Saham
Sesudah
4,000.00
4,175.00
4,275.00
4,175.00
4,200.00
4,175.00
4,200.00
4,175.00
4,200.00
4,175.00
4,300.00
4,300.00
4,250.00
4,375.00
4,375.00
4,350.00
4,400.00
4,350.00
Sebelum
0
8,543,500
11,105,500
17,175,500
9,094,500
4,254,000
13,734,500
8,258,500
6,559,500
7,418,500
10,709,500
6,107,500
5,771,500
9,512,500
0
10,107,500
12,074,500
9,919,500
Sesudah
3,950.67
4,123.51
4,222.27
4,123.51
4,148.20
4,123.51
4,148.20
4,123.51
4,148.20
4,123.51
4,246.97
4,246.97
4,197.58
4,321.04
4,321.04
4,296.35
4,345.73
4,296.35
67
Universitas Sumatera Utara
19
20
4,475.00
4,475.00
4,425.00
4,250.00
6,231,000
5,771,500
4,370.42
4,197.58
PJAA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sebelum
870.00
860.00
840.00
870.00
870.00
870.00
870.00
870.00
880.00
860.00
850.00
860.00
870.00
870.00
880.00
880.00
880.00
880.00
880.00
880.00
Volume Perdagangan Saham
Sesudah
840.00
840.00
830.00
850.00
840.00
850.00
850.00
850.00
860.00
850.00
850.00
850.00
850.00
850.00
850.00
850.00
870.00
870.00
880.00
850.00
Sebelum
78
107,5
31
10,5
14,5
0
137,5
27
3,5
12
2
16,5
8,5
3,5
60,5
206
45
117
6,5
60,5
Sesudah
7,5
8
172
32,5
81,5
26
13,5
201
26
40
46
56,5
125,5
190
82
39
395
73,5
1,421,000
82
68
Universitas Sumatera Utara
Lampiran 3
Hasil Analisis Regresi
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Perdagangan
Model Summaryb
Model
Change Statistics
R Square
Change
1
F Change
.260
df1
df2
13.007
1
Sig. F Change
37
Durbin-Watson
.001
.705
b. Dependent Variable: Bond Rating Sektor Perdagangan
ANOVAb
Model
1
Sum of Squares
Df
Mean Square
Regression
107.079
1
107.079
Residual
304.588
37
8.232
Total
411.667
38
F
13.007
Sig.
.001a
a. Predictors: (Constant), Volume Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan
69
Universitas Sumatera Utara
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
Coefficients
Std. Error
(Constant)
.976
.799
Volume Perdagangan
.007
.002
Beta
t
.510
Sig.
1.222
.229
3.607
.001
a. Dependent Variable: Bond Rating Sektor Perdagangan
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Perdagangan
Model Summaryb
Model
R
1
.426a
R Square
.182
Adjusted R
Std. Error of the
Square
Estimate
.160
3.01616
a. Predictors: (Constant), Harga Saham Sektor Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan
70
Universitas Sumatera Utara
Model Summaryb
Model
Change Statistics
R Square
Change
1
.182
F Change
8.443
df1
df2
1
Sig. F Change
38
Durbin-Watson
.006
.349
b. Dependent Variable: Bond Rating Sektor Perdagangan
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
F
76.805
1
76.805
Residual
345.695
38
9.097
Total
422.500
39
8.443
Sig.
.006a
a. Predictors: (Constant), Harga Saham Sektor Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan
71
Universitas Sumatera Utara
Coefficientsa
Model
Unstandardized
Standardized
Coefficients
Coefficients
B
1
(Constant)
Harga Saham
Std. Error
43.154
-.009
Beta
13.742
.003
t
Sig.
3.140
-.426
-2.906
.003
.006
Sektor
Perdagangan
a. Dependent Variable: Bond Rating Sektor Perdagangan
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Jasa
Model Summaryb
Model
R
1
.759a
R Square
Adjusted R
Std. Error of the
Square
Estimate
.577
.566
1.80241
a. Predictors: (Constant), Volume Jasa
b. Dependent Variable: Bond rating Sektor Jasa
72
Universitas Sumatera Utara
Model Summaryb
Model
Change Statistics
R Square
Change
1
.577
F Change
df1
df2
51.760
1
Sig. F Change
38
Durbin-Watson
.000
.946
b. Dependent Variable: Bond rating Sektor Jasa
ANOVAb
Model
1
Sum of Squares
Df
Mean Square
F
Regression
168.151
1
168.151
Residual
123.449
38
3.249
Total
291.600
39
Sig.
51.760
.000a
T
Sig.
a. Predictors: (Constant), Volume Jasa
b. Dependent Variable: Bond rating Sektor Jasa
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Volume Jasa
Std. Error
1.142
.358
2.953E-7
.000
Coefficients
Beta
.759
3.190
.003
7.194
.000
a. Dependent Variable: Bond rating Sektor Jasa
73
Universitas Sumatera Utara
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Jasa
Model Summaryb
Model
R
Std. Error of the
Square
Estimate
R Square
.924a
1
Adjusted R
.854
.850
1.05772
a. Predictors: (Constant), Harga Saham Sektor Jasa
b. Dependent Variable: Bond rating Sektor Jasa
Model Summaryb
Model
Change Statistics
R Square
Change
1
.854
F Change
df1
222.642
df2
1
Sig. F Change
38
.000
Durbin-Watson
.576
b. Dependent Variable: Bond rating Sektor Jasa
74
Universitas Sumatera Utara
ANOVAb
Model
1
Sum of Squares
Regression
Residual
Total
df
Mean Square
F
249.087
1
249.087
42.513
38
1.119
291.600
39
Sig.
222.642
.000a
a. Predictors: (Constant), Harga Saham Sektor Jasa
b. Dependent Variable: Bond rating Sektor Jasa
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Harga Saham
Std. Error
-43.415
.358
.102
.000
Coefficients
Beta
t
.924
Sig.
-14.027
.000
14.921
.000
Sektor Jasa
a.
Dependent Variable: Bond rating Sektor Jasa
75
Universitas Sumatera Utara
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Std. Error
Beta
-43.415
.358
.102
.000
Harga Saham
Coefficients
t
.924
Sig.
-14.027
.000
14.921
.000
Sektor Jasa
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Investasi
Model Summaryb
Model
R
1
.537a
R Square
Adjusted R
Std. Error of the
Square
Estimate
.288
.267
2.51887
a. Predictors: (Constant), Volume Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Model Summaryb
Model
Change Statistics
R Square
Change
F Change
df1
df2
Sig. F Change
Durbin-Watson
76
Universitas Sumatera Utara
1
.288
13.365
1
33
.001
.361
b. Dependent Variable: Bond Rating Sektor Investasi
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
F
84.796
1
84.796
Residual
209.376
33
6.345
Total
294.171
34
Sig.
13.365
.001a
a. Predictors: (Constant), Volume Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Volume Investasi
Std. Error
50.752
12.858
-.011
.003
Coefficients
Beta
t
-.537
Sig.
3.947
.000
-3.656
.001
a. Dependent Variable: Bond Rating Sektor Investasi
Model Summaryb
77
Universitas Sumatera Utara
Model
R
Std. Error of the
Square
Estimate
R Square
.926a
1
Adjusted R
.858
.854
1.12396
a. Predictors: (Constant), Harga Saham Sektor Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Investasi
Model Summaryb
Model
Change Statistics
R Square
Change
1
.858
F Change
199.863
df1
df2
1
Sig. F Change
33
.000
Durbin-Watson
1.351
b. Dependent Variable: Bond Rating Sektor Investasi
ANOVAb
78
Universitas Sumatera Utara
Model
1
Sum of Squares
Regression
Mean Square
F
252.483
1
252.483
41.688
33
1.263
294.171
34
Residual
Total
df
Sig.
199.863
.000a
a. Predictors: (Constant), Harga Saham Sektor Investasi
b. Dependent Variable: Bond Rating Sektor Investasi
Coefficientsa
Model
Standardized
Unstandardized Coefficients
B
1
(Constant)
Harga Saham
Std. Error
5.686
.233
-3.671E-6
.000
Coefficients
Beta
t
-.926
Sig.
24.371
.000
-14.137
.000
Sektor Investasi
a. Dependent Variable: Bond Rating Sektor Investasi
79
Universitas Sumatera Utara