Pengaruh Pengumuman Right Issue Terhadap Abnormal Return Saham Dan Volume Perdagangan Saham Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

  Lampiran 1 Sampel Perusahaan yang melakukan Right Issue

  29 Februari 2000

  30 Desember 2011

  22 April 2003 12 KIAS Keramika Indonesia Assosiasi Tbk.

  15 Februari 2012

  8 Desember 1994 13 RAJA Rukun Raharja Tbk.

  30 April 2012

  19 April 2006 14 TRIO Trikomsel Oke Tbk.

  18 Juni 2012

  14 April 2009 15 SMMT Golden Eagle Energy Tbk.

  18 Juni 2012

  16 ITTG Leo Investments Tbk.

  24 November 2011

  27 Juni 2012

  26 November 2001

  17 INPC Bank Artha Graha Internasional Tbk.

  05 Desember 2012

  23 Agustus 1990 18 CNKO Exploitasi Energi Indonesia Tbk.

  06 Desember 2012

  21 November 2001 19 CENT Centratama Telekomunikasi Indonesia Tbk.

  23 Januari 2013

  1 November 2001 20 TRIM Trimegah Securities Tbk.

  28 Maret 2013

  11 Juni 1997 11 PSAB J Resources Asia Pasifik Tbk.

  18 Desember 2002 10 AISA Tiga Pilar Sejahtera Food Tbk.

  No Kode Emiten Tanggal Pengumuman Tanggal Listing

  4 BBNI Bank Negara Indonesia

  1 APLI Asiaplast Industries

  21 Mei 2010

  1 Mei 2000

  2 BLTA Berlian Laju Tanker

  29 Juni 2010

  26 Maret 1990

  3 ABBA Mahaka Media

  29 Juni 2010

  3 April 2002

  24 November 2010

  24 Juni 2011

  25 November 1996

  5 BNGA Bank CIMB Niaga

  15 Desember 2010

  29 November 1989 6 EPMT Enseval Putra Megatrading Tbk.

  02 Maret 2011

  1 Agustus 1994 7 ABDA Asuransi Bina Dana Arta Tbk.

  31 Maret 2011

  6 Juli 1989 8 UNTR United Tractors Tbk.

  02 Mei 2011

  19 September 1989 9 APIC Pacific Startegic Financial Tbk.

  31 Januari 2000 Sumber:

  Lampiran 2

Data Harga Teoritis Right Issue

  16 ITTG

  

11 PSAB 125 3025 2000 450 1938.49

  

12 KIAS 500 386 128 105 115.02

  13 RAJA

  2 1 677 690 685.67

  14 TRIO 500 35 856 830 831.70

  15 SMMT

  4 41 500 650 513.33

  2 5 104 91 100.29

  10 AISA

  17 INPC

  19 10 111 111 111.00

  

18 CNKO 110 122 500 445 473.92

  19 CENT

  1 12 100 275 113.46

  20 TRIM

  1

  1 80 101

  4 3 560 590 577.14

  1 20 102 118 102.76

  No Kode Emiten Rasio Saham Lama Rasio Saham Baru Harga Pelaksana Harga Saham Cum-Date

  99.32

  Harga Teoritis

  1 APLI

  13 2 250 77 100.07

  2 BLTA

  1 1 220 275 247.50

  3 ABBA

  16 15 105

  94

  4 BBNI

  9 APIC

  5 1 3100 4123.81 3953.18

  5 BNGA

  20 1 1250 1954.76 1921.20

  

6 EPMT 1000 188 700 780 767.34

  7 ABDA

  4 5 310 630 452.22

  8 UNTR

  33 4 15050 22900 22051.35

  90.50 Sumber:(data diolah, 2015)

  340 0.04615 2,859 0.01007 0.03609 13,868,500 11,550,831,470 0.00120

  Actual Return

  77 0.00000 2,729 -0.03695 0.03695 1,767,000 1,500,000,000 0.00118

  77 -0.01282 2,834 0.00522 -0.01804 53,500 1,500,000,000 0.00004

  78 -0.01266 2,819 -0.01362 0.00096 61,000 1,500,000,000 0.00004

  79 0.00000 2,858 0.00378 -0.00378 182,500 1,500,000,000 0.00012

  79 0.00000 2,848 0.01235 -0.01235 544,000 1,500,000,000 0.00036

  79 -0.01250 2,813 -0.01317 0.00067 757,500 1,500,000,000 0.00051

  80 0.02564 2,850 0.04056 -0.01492 659,500 1,500,000,000 0.00044

  78 0.00000 2,739 -0.02536 0.02536 491,000 1,500,000,000 0.00033

  78 -0.02500 2,811 -0.01251 -0.01249 1,188,500 1,500,000,000 0.00079 Sumber:(data diolah, 2015)

  BLTA

  Harga Saham

  IHSG

  79 -0.02469 2,610 -0.00519 -0.01950 2,644,500 1,500,000,000 0.00176 81 0.01250 2,623 -0.02636 0.03886 3,897,500 1,500,000,000 0.00260

  Market Return

Abnormal

Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  10 290 -0.13433 2,962 0.00092 -0.13525 55,588,500 11,550,831,470 0.00481 9 335 -0.02899 2,959 0.00506 -0.03404 21,832,500 11,550,831,470 0.00189 8 345 0.18966 2,944 0.00960 0.18006 58,145,000 11,550,831,470 0.00503 7 290 0.05455 2,916 0.00478 0.04977 23,698,000 11,550,831,470 0.00205 6 275 -0.22535 2,902 -0.00296 -0.22239 28,036,000 11,550,831,470 0.00243

  5

  355 0.04412 2,911 0.01159 0.03253 31,319,500 11,550,831,470 0.00271

  4

  340 0.03030 2,877 0.00200 0.02830 14,445,000 11,550,831,470 0.00125

  3 330 0.00000 2,872 -0.00094 0.00094 604,500 11,550,831,470 0.00005 2 330 0.00000 2,874 -0.01353 0.01353 4,023,500 11,550,831,470 0.00035 1 330 0.00000 2,914 0.00702 -0.00702 3,753,500 11,550,831,470 0.00032

  330 -0.01493 2,893 -0.02110 0.00617 4,753,000 11,550,831,470 0.00041

  330 0.00000 2,947 0.01130 -0.01130 3,735,500 11,550,831,470 0.00032

  80 0.03896 2,694 -0.01291 0.05187 12,683,000 1,500,000,000 0.00846

  1

  Lampiran 3 Tabel Harga Saham, Actual Return, Harga IHSG, Market Return, Abnormal Return, Volume Transaksi, Volume Beredar,Aktivitas Volume Perdagangan

  8

  (APLI)

  Harga Saham

  Actual Return

  IHSG

  Market Return

Abnormal

Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  10

  79 -0.05952 2,750 -0.02586 -0.03366 5,526,000 1,500,000,000 0.00368

  9

  84 0.05000 2,823 0.00437 0.04563 12,068,500 1,500,000,000 0.00805

  80 0.03896 2,811 0.02828 0.01068 8,353,500 1,500,000,000 0.00557

  73 -0.07595 2,514 -0.03659 -0.03936 7,895,500 1,500,000,000 0.00526

  7

  77 0.00000 2,734 0.00333 -0.00333 834,500 1,500,000,000 0.00056

  6

  77 0.01316 2,725 -0.02587 0.03903 3,596,500 1,500,000,000 0.00240

  5

  76 0.02703 2,797 0.03060 -0.00357 4,760,500 1,500,000,000 0.00317

  4

  74 -0.03896 2,714 0.00636 -0.04532 1,285,500 1,500,000,000 0.00086

  3

  77 0.05479 2,697 0.07265 -0.01786 2,922,500 1,500,000,000 0.00195

  2

• -1
• -2
• -3
• -4
• -5
• -6
• -7
• -8
• -9
• -10
• -1 335 0.01515 2,956 0.00296 0.01220 5,324,500 11,550,831,470 0.00046
• -2
• -3 330 0.00000 2,914 -0.00366 0.00366 7,108,500 11,550,831,470 0.00062
• -4 330 -0.01493 2,925 -0.00334 -0.01159 6,921,500 11,550,831,470 0.00060
• -5 335 0.00000 2,935 -0.00248 0.00248 4,547,000 11,550,831,470 0.00039
• -6 335 0.01515 2,942 0.00420 0.01095 4,038,500 11,550,831,470 0.00035
• -7 330 -0.04348 2,930 0.01331 -0.05679 12,943,500 11,550,831,470 0.00112
• -8 345 0.01471 2,891 0.01135 0.00336 7,321,000 11,550,831,470 0.00063
• -9
• -10 325 -0.05797 2,830 0.00118 -0.05915 18,827,000 11,550,831,470 0.00163

• -1
• -2
• -3
• -4
• -5
• -6
• -7
• -8
• -9
• -10
• -1 3,460 -0.05195 3,678 -0.01685 -0.03510 35,367,500 18,462,169,893 0.00192
• -2 3,650 0.00000 3,741 0.00434 -0.00434 12,725,700 18,462,169,893 0.00069
• -3
• -4
>-5 3,674 0.02649 3,674 0.00481 0.02168 21,155,500 18,462,169,893 0.00115
• -6 3,579 -0.01948 3,656 -0.00256 -0.01692 15,592,200 18,462,169,893 0.00084
• -7 3,650 0.00000 3,666 -0.02104 0.02104 6,911,300 18,462,169,893 0.00037
• -8 3,650 0.00000 3,745 -0.00329 0.00329 19,581,100 18,462,169,893 0.00106
• -9 3,650 0.00000 3,757 0.00521 -0.00521 6,557,400 18,462,169,893 0.0
• -10

Sumber:(data diolah, 2015)

  Market Return

Abnormal

Return

  90 0.02273 2,925 -0.00334 0.02607 85,500 2,755,125,000 0.00003

  88 -0.04348 2,935 -0.00248 -0.04099 265,500 2,755,125,000 0.00010

  92 -0.04167 2,942 0.00420 -0.04587 25,000 2,755,125,000 0.00001

  96 0.02128 2,930 0.01331 0.00796 21,000 2,755,125,000 0.00001

  94 -0.03093 2,891 0.01135 -0.04228 70,000 2,755,125,000 0.00003

  97 0.02105 2,859 0.01007 0.01099 320,500 2,755,125,000 0.00012

  95 -0.02062 2,830 0.00118 -0.02180 112,500 2,755,125,000 0.00004 Sumber:(data diolah, 2015)

  

BBNI

  Harga Saham

  Actual Return

  IHSG

  Volume Transaksi Volume Beredar

  90 0.00000 2,947 0.01130 -0.01130 1,000 2,755,125,000 0.00000

  Aktivitas Volume Perdagangan

  10

  4,125 0.01227 3,786 0.00427 0.00800 19,903,500 18,462,169,893 0.00108

  9 4,075 -0.05233 3,770 0.01280 -0.06512 87,977,000 18,462,169,893 0.00477 8 4,300 -0.08511 3,722 0.00706 -0.09216 46,886,500 18,462,169,893 0.00254 7 4,700 0.13972 3,696 0.00045 0.13927 106,488,500 18,462,169,893 0.00577 6 4,124 -0.01136 3,695 0.02086 -0.03222 29,671,300 18,462,169,893 0.00161 5 4,171 0.08642 3,619 0.02489 0.06153 39,823,700 18,462,169,893 0.00216

  4

  3,839 0.00000 3,531 -0.02739 0.02739 22,790,500 18,462,169,893 0.00123

  3

  3,839 0.03185 3,631 -0.00326 0.03510 19,820,600 18,462,169,893 0.00107

  2 3,721 -0.02484 3,643 -0.01608 -0.00877 30,237,200 18,462,169,893 0.00164 1 3,816 0.05229 3,702 0.01182 0.04047 33,582,200 18,462,169,893 0.00182

  3,626 0.04795 3,659 -0.00528 0.05322 44,273,100 18,462,169,893 0.00240

  3,650 -0.00645 3,725 0.01282 -0.01927 13,028,900 18,462,169,893 0.00071

  3,674 0.00000 3,678 0.00105 -0.00105 20,921,800 18,462,169,893 0.00113

  90 0.00000 2,914 -0.00366 0.00366 1,000 2,755,125,000 0.00000

  92 0.02222 2,956 0.00296 0.01927 232,000 2,755,125,000 0.00008

  

ABBA

  94 0.00000 2,944 0.00960 -0.00960 6,500 2,755,125,000 0.00000

  Harga Saham

  Actual Return

  IHSG

  Market Return Abnormal

Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  10

  91 -0.03191 2,962 0.00092 -0.03283 3,000 2,755,125,000 0.00000

  9

  94 0.00000 2,959 0.00506 -0.00506 2,755,125,000 0.00000

  8

  7

  93 0.02198 2,914 0.00702 0.01496 49,000 2,755,125,000 0.00002 91 -0.01087 2,893 -0.02110 0.01023 72,500 2,755,125,000 0.00003

  94 0.03297 2,916 0.00478 0.02819 6,500 2,755,125,000 0.00000

  6

  91 -0.03191 2,902 -0.00296 -0.02896 31,000 2,755,125,000 0.00001

  5

  94 0.04444 2,911 0.01159 0.03285 130,000 2,755,125,000 0.00005

  4

  90 -0.03226 2,877 0.00200 -0.03426 15,500 2,755,125,000 0.00001

  3

  93 0.00000 2,872 -0.00094 0.00094 50,000 2,755,125,000 0.00002

  2

  93 0.00000 2,874 -0.01353 0.01353 50,000 2,755,125,000 0.00002

  1

  3,650 0.00000 3,737 0.01033 -0.01033 18,981,400 18,462,169,893 0.00103 Sumber:(data diolah, 2015)

• -1
• -2 2,038 -0.14433 3,692 -0.01480 -0.12953 6,375,900 23,695,515,023 0.00027
• -3 2,382 -0.05825 3,748 -0.01014 -0.04812 8,818,100 23,695,515,023 0.00037
• -4 2,529 0.08421 3,786 0.00427 0.07994 9,991,900 23,695,515,023 0.00042
• -5 2,333 0.19950 3,770 0.01280 0.18670 10,337,000 23,695,515,023 0.00044
• -6 1,945 0.01020 3,722 0.00706 0.00314 3,946,900 23,695,515,023 0.00017
• -7 1,925 0.08889 3,696 0.00045 0.08844 3,945,300 23,695,515,023 0.00017
• -8
• -9 1,640 0.00602 3,619 0.02489 -0.01886 1,526,500 23,695,515,023 0.00006
• -10 1,631 0.00606 3,531 -0.02739 0.03345 2,081,800 23,695,515,023 0.00009
• -1
• -2
• -3 889 0.00000 3,444 0.00128 -0.00128 1,000 2,708,640,000 0.00000
• -4 889 0.00000 3,439 -0.01007 0.01007 1,000 2,708,640,000 0.00000
• -5 889 0.00000 3,474 0.00667 -0.00667 1,000 2,708,640,000 0.00000
• -6 889 0.00000 3,451 -0.01331 0.01331 1,000 2,708,640,000 0.00000
• -7 889 -0.05263 3,498 -0.00110 -0.05152 1,000 2,708,640,000 0.00000
• -8
• -9 948 0.00000 3,434 0.00515 -0.00515 10,100 2,708,640,000 0.00000
• -10 948 0.00000 3,417 0.00000 0.00000 10,100 2,708,640,000 0.00000
• -1 412 0.00000 3,641 0.01377 -0.01377 317,000 620,806,680 0.00051
• -2 412 0.00000 3,592 -0.00315 0.00315 9,600 620,806,680 0.00002
• -3 412 0.01788 3,603 -0.00118 0.01905 5,500 620,806,680 0.00001
• -4

  Actual Return

  790 -0.11111 3,470 0.00779 -0.11890 50,600 2,708,640,000 0.00002

  790 0.00000 3,513 0.01218 -0.01218 50,600 2,708,640,000 0.00002

  800 0.01249 3,486 -0.00752 0.02001 500 2,708,640,000 0.00000

  4 780 -0.01251 3,580 0.00522 -0.01773 40,000 2,708,640,000 0.00001 3 790 0.00000 3,562 0.00531 -0.00531 27,300 2,708,640,000 0.00001 2 790 -0.01234 3,543 0.01384 -0.02618 94,100 2,708,640,000 0.00003 1 800 0.00000 3,495 0.00239 -0.00239 500 2,708,640,000 0.00000

  751 -0.03797 3,599 0.00513 -0.04310 500,700 2,708,640,000 0.00018

  5

  810 0.07927 3,588 -0.00307 0.08233 177,500 2,708,640,000 0.00007

  6

  10 780 0.00000 3,531 0.00199 -0.00199 271,000 2,708,640,000 0.00010 9 780 0.00000 3,524 -0.01271 0.01271 5,914,000 2,708,640,000 0.00218 8 780 -0.01266 3,570 0.00779 -0.02045 20,500 2,708,640,000 0.00001 7 790 -0.02469 3,542 -0.01266 -0.01203 5,871,500 2,708,640,000 0.00217

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return

Abnormal

Return

  IHSG

  Harga Saha m

  

BNGA

  Sumber:(data diolah, 2015)

EPMT

  1,768 0.07785 3,695 0.02086 0.05699 2,844,300 23,695,515,023 0.00012

  2,136 0.04819 3,690 -0.00069 0.04889 4,146,900 23,695,515,023 0.00018

  2,136 0.00000 3,658 -0.00850 0.00850 4,043,100 23,695,515,023 0.00017

  4 2,014 0.02500 3,637 0.01923 0.00576 7,175,000 23,695,515,023 0.00030 3 1,965 -0.06977 3,569 -0.00356 -0.06621 8,502,500 23,695,515,023 0.00036 2 2,112 0.06173 3,582 0.00275 0.05898 4,386,600 23,695,515,023 0.00019 1 1,989 -0.06896 3,572 -0.02366 -0.04530 2,928,300 23,695,515,023 0.00012

  1,955 -0.02926 3,621 -0.00461 -0.02465 1,249,600 23,695,515,023 0.00005

  5

  10 1,910 -0.03535 3,704 0.00116 -0.03651 3,846,000 23,695,515,023 0.00016 9 1,980 0.03125 3,699 0.01072 0.02053 2,262,000 23,695,515,023 0.00010 8 1,920 -0.02041 3,660 0.00958 -0.02999 2,467,500 23,695,515,023 0.00010 7 1,960 -0.00508 3,625 0.00380 -0.00888 483,000 23,695,515,023 0.00002 6 1,970 0.00780 3,612 -0.00253 0.01032 1,303,000 23,695,515,023 0.00005

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return

Abnormal

Return

  IHSG

  Actual Return

  Harga Saham

  938 -0.01042 3,502 0.01954 -0.02997 1,000 2,708,640,000 0.00000

• -5 404 0.00000 3,612 0.02670 -0.02670 1,300 620,806,680 0.00000
• -6 404 0.00000 3,518 -0.00032 0.00032 54,000 620,806,680 0.00009
• -7 404 0.01818 3,519 0.00709 0.01108 13,800 620,806,680 0.00002
• -8 397 0.00000 3,494 0.00283 -0.00283 15,900 620,806,680 0.00003
• -9 397 0.00000 3,484 -0.01339 0.01339 15,900 620,806,680 0.0
• -10 397 0.00000 3,531 0.00199 -0.00199 238,800 620,806,680 0.00038
• -1 22,353 -0.00428 3,820 0.00281 -0.00709 1,825,400 3,730,135,136 0.00049
• -2 22,449 0.00430 3,809 0.00105 0.00325 3,117,200 3,730,135,136 0.00084
• -3 22,353 0.01307 3,805 0.00796 0.00511 4,040,800 3,730,135,136 0.00108
• -4
• -5
>-6 22,209 0.00654 3,801 0.00167 0.00487 3,542,100 3,730,135,136 0.00095
• -7 22,065 0.02455 3,795 0.01664 0.00791 7,199,100 3,730,135,136 0.00193
• -8 21,536 0.00449 3,733 0.00150 0.00299 2,292,400 3,730,135,136 0.00061
• -9 21,440 0.00450 3,727 -0.00092 0.00542 1,914,300 3,730,135,136 0.0
• -10 21,344 -0.00671 3,731 0.00608 -0.01279 2,046,900 3,730,135,136 0.00055

  8 22,550 -0.01528 3,809 -0.00767 -0.00762 2,742,500 3,730,135,136 0.00074 7 22,900 0.02004 3,838 0.00990 0.01015 2,879,000 3,730,135,136 0.00077 6 22,450 -0.00211 3,801 0.00398 -0.00609 3,923,500 3,730,135,136 0.00105 5 22,497 -0.01266 3,785 -0.00345 -0.00921 4,571,300 3,730,135,136 0.00123 4 22,786 -0.02670 3,799 -0.00464 -0.02205 7,477,900 3,730,135,136 0.00200

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  10

  21,800 -0.02895 3,799 -0.00856 -0.02040 7,761,000 3,730,135,136 0.00208

  9

  22,450 -0.00443 3,832 0.00612 -0.01055 2,852,000 3,730,135,136 0.00076

  3

  IHSG

  23,411 0.00206 3,816 0.00035 0.00171 5,935,900 3,730,135,136 0.00159

  2

  23,363 0.03625 3,815 0.00028 0.03597 4,512,000 3,730,135,136 0.00121

  1 22,546 0.00429 3,814 -0.00920 0.01349 2,807,200 3,730,135,136 0.00075

  22,449 0.00430 3,849 0.00777 -0.00347 1,055,200 3,730,135,136 0.00028

  22,065 -0.00864 3,775 -0.00361 -0.00503 1,682,900 3,730,135,136 0.00045

  22,257 0.00216 3,789 -0.00330 0.00546 1,011,500 3,730,135,136 0.00027

  Market Return Abnormal

Return

  Actual Return

  

ABDA

  9

  Harga Saha m

  Actual Return

  IHSG

  Market Return Abnormal Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  10 510 -0.19048 3,708 -0.00708 -0.18340 532,500 620,806,680 0.00086

  630 -0.05970 3,734 0.00408 -0.06378 249,500 620,806,680 0.00040

  Harga Saha m

  8 670 0.06349 3,719 -0.00710 0.07060 1,523,500 620,806,680 0.00245 7 630 0.23529 3,746 0.00108 0.23422 624,500 620,806,680 0.00101 6 510 0.13895 3,742 0.00301 0.13594 307,500 620,806,680 0.00050 5 448 0.00000 3,731 0.00075 -0.00075 461,700 620,806,680 0.00074 4 448 -0.03124 3,728 0.01136 -0.04260 273,400 620,806,680 0.00044 3 462 0.00000 3,686 -0.00381 0.00381 66,400 620,806,680 0.00011

  2

  462 0.00000 3,700 -0.00201 0.00201 59,500 620,806,680 0.00010

  1 462 -0.01538 3,707 0.00783 -0.02321 5,500 620,806,680 0.00001

  469 0.14033 3,679 0.01035 0.12998 213,900 620,806,680 0.00034

  404 0.00000 3,607 -0.00125 0.00125 23,500 620,806,680 0.00004

  Sumber:(data diolah, 2015)

UNTR

  Sumber:(data diolah, 2015)

• -1 152 0.02079 3,824 0.00048 0.02031 815,600 2,940,498,750 0.00028
• -2
• -3
• -4 146 0.00000 3,729 0.00208 -0.00208 900,200 2,940,498,750 0.00031
• -5 146 0.00529 3,721 -0.00510 0.01039 139,500 2,940,498,750 0.00005
• -6 146 0.00000 3,740 -0.01417 0.01417 481,100 2,940,498,750 0.00016
• -7 146 -0.02590 3,794 0.00556 -0.03146 377,800 2,940,498,750 0.00013
• -8 149 0.00000 3,773 0.00654 -0.00654 113,600 2,940,498,750 0.00004
• -9
• -10 153 0.00000 3,788 -0.00487 0.00487 145,300 2,940,498,750 0.00005
• -1 629 0.00000 3,687 -0.01299 0.01299 6,271,800 2,926,000,000 0.00214
• -2
• -3 629 -0.01449 3,680 -0.01989 0.00540 1,979,700 2,926,000,000 0.00068
• -4 638 0.00000 3,755 -0.00995 0.00995 3,469,300 2,926,000,000 0.00119
• -5 638 -0.01430 3,792 -0.00573 -0.00857 3,861,000 2,926,000,000 0.00132
• -6 647 0.00000 3,814 0.00007 -0.00007 2,214,400 2,926,000,000 0.00076
• -7 647 0.01450 3,814 -0.00501 0.01951 7,111,800 2,926,000,000 0.00243
• -8
• -9
• -10 629 -0.01449 3,784 -0.01905 0.00456 3,321,100 2,926,000,000 0.00114

  Harga Saha m

  647 0.02942 3,779 -0.00132 0.03073 9,962,400 2,926,000,000 0.00340

  638 -0.01430 3,833 0.01433 -0.02863 4,277,500 2,926,000,000 0.00146

  629 0.00000 3,736 0.01514 -0.01514 5,649,800 2,926,000,000 0.00193

  638 0.01470 3,662 -0.00676 0.02146 7,050,200 2,926,000,000 0.00241

  4 629 0.03031 3,715 0.00741 0.02290 5,481,000 2,926,000,000 0.00187 3 610 -0.02942 3,688 0.01117 -0.04058 4,817,300 2,926,000,000 0.00165 2 629 0.00000 3,647 0.00271 -0.00271 3,175,600 2,926,000,000 0.00109 1 629 -0.01449 3,637 -0.00680 -0.00768 3,222,200 2,926,000,000 0.00110

  629 0.00000 3,781 0.01777 -0.01777 2,926,000,000 0.00000

  5

  10 560 -0.01754 3,782 -0.00303 -0.01452 12,007,500 2,926,000,000 0.00410 9 570 0.01786 3,793 0.01081 0.00705 23,745,000 2,926,000,000 0.00812 8 560 -0.05085 3,753 -0.00744 -0.04341 27,652,000 2,926,000,000 0.00945 7 590 -0.06349 3,781 0.00025 -0.06374 19,382,500 2,926,000,000 0.00662 6 630 0.00228 3,780 -0.00033 0.00261 5,615,000 2,926,000,000 0.00192

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return Abnormal Return

  IHSG

  Actual Return

  Sumber:(data diolah, 2015)

AISA

  

APIC

  149 -0.02033 3,749 -0.01027 -0.01006 302,200 2,940,498,750 0.00010

  147 0.00533 3,795 0.01765 -0.01232 825,300 2,940,498,750 0.00028

  149 0.01054 3,822 0.00709 0.00345 306,100 2,940,498,750 0.00010

  153 0.01021 3,849 0.00651 0.00370 809,200 2,940,498,750 0.00028

  3 146 -0.02085 3,889 0.01522 -0.03608 1,127,600 2,940,498,750 0.00038 2 149 -0.00515 3,830 0.00442 -0.00957 5,333,300 2,940,498,750 0.00181 1 149 -0.02525 3,813 -0.00913 -0.01612 1,522,800 2,940,498,750 0.00052

  144 -0.01065 3,927 0.00991 -0.02056 1,404,000 2,940,498,750 0.00048

  4

  10 104 0.00000 3,938 -0.01441 0.01441 2,578,500 2,940,498,750 0.00088 9 104 -0.00952 3,996 -0.00202 -0.00750 7,694,500 2,940,498,750 0.00262 8 105 -0.01869 4,004 0.01630 -0.03499 3,604,000 2,940,498,750 0.00123 7 107 -0.09322 3,939 0.00781 -0.10103 9,036,500 2,940,498,750 0.00307 6 118 -0.10606 3,909 -0.00387 -0.10219 3,908,500 2,940,498,750 0.00133 5 132 -0.08333 3,924 -0.00076 -0.08258 7,367,500 2,940,498,750 0.00251

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return Abnormal Return

  IHSG

  Actual Return

  Harga Saha m

  Sumber:(data diolah, 2015)

• -1 450 0.00000 3,809 0.01050 -0.01050 1,935,500 756,000,000 0.00256
• -2
• -3
• -4 450 0.00000 3,797 0.00045 -0.00045 1,935,500 756,000,000 0.00256
• -5 450 0.00000 3,795 0.00031 -0.00031 1,935,500 756,000,000 0.00256
• -6 450 0.00000 3,794 0.01117 -0.01117 1,935,500 756,000,000 0.00256
• -7 450 0.00000 3,752 -0.00476 0.00476 1,935,500 756,000,000 0.00256
• -8 450 0.00000 3,770 0.00051 -0.00051 1,935,500 756,000,000 0.00256
• -9
• -10 450 0.00000 3,702 -0.01334 0.01334 1,935,500 756,000,000 0.00256
• -1 110 0.07843 3,953 -0.00229 0.08072 62,625,000 14,929,100,000 0.00419
• -2
• -3 102 0.00000 3,912 -0.01674 0.01674 3,696,000 14,929,100,000 0.00025
• -4 102 0.02000 3,979 -0.00243 0.02243 12,151,500 14,929,100,000 0.00081
• -5 100 0.01010 3,989 0.00841 0.00169 5,470,000 14,929,100,000 0.00037
• -6
• -7
• -8
• -9
• -10 105 0.05000 3,965 0.00591 0.04409 34,755,500 14,929,100,000 0.00233

  Actual Return

  100 -0.04762 4,017 0.01309 -0.06071 7,171,000 14,929,100,000 0.00048

  105 0.05000 4,016 -0.00024 0.05024 13,211,500 14,929,100,000 0.00088

  98 -0.06667 3,975 -0.01025 -0.05642 5,671,000 14,929,100,000 0.00038

  99 0.01020 3,955 -0.00487 0.01507 3,227,500 14,929,100,000 0.00022

  102 0.00000 3,962 0.01265 -0.01265 1,471,000 14,929,100,000 0.00010

  116 0.05455 3,953 0.00006 0.05449 32,748,000 14,929,100,000 0.00219

  4 115 0.02679 4,003 0.00331 0.02348 26,409,500 14,929,100,000 0.00177 3 112 -0.00885 3,990 0.00332 -0.01217 12,392,500 14,929,100,000 0.00083 2 113 0.01802 3,977 0.01246 0.00556 18,020,000 14,929,100,000 0.00121 1 111 -0.04310 3,928 -0.00643 -0.03667 45,240,000 14,929,100,000 0.00303

  116 0.00870 3,995 -0.00198 0.01068 12,105,000 14,929,100,000 0.00081

  5

  10 109 0.02830 3,985 0.02092 0.00739 5,853,000 14,929,100,000 0.00039 9 106 0.00952 3,904 0.01102 -0.00149 2,311,500 14,929,100,000 0.00015 8 105 -0.01869 3,861 -0.00861 -0.01008 1,788,500 14,929,100,000 0.00012 7 107 -0.05310 3,895 -0.01623 -0.03687 7,259,500 14,929,100,000 0.00049 6 113 -0.02586 3,959 -0.00906 -0.01680 16,119,000 14,929,100,000 0.00108

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return

Abnormal

Return

  IHSG

  Harga Saha m

  

PSAB

  10 450 0.00000 3,910 -0.00652 0.00652 1,935,500 756,000,000 0.00256 9 450 0.00000 3,935 0.00661 -0.00661 756,000,000 0.00000 8 450 0.00000 3,910 -0.00004 0.00004 1,935,500 756,000,000 0.00256 7 450 0.00000 3,910 -0.00741 0.00741 1,935,500 756,000,000 0.00256 6 450 0.00000 3,939 0.01280 -0.01280 1,935,500 756,000,000 0.00256 5 450 0.00000 3,889 0.00508 -0.00508 1,935,500 756,000,000 0.00256

  Harga Saha m

  Actual Return

  IHSG

  Market Return Abnormal Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  4

  Sumber:(data diolah, 2015)

KIAS

  450 0.00000 3,869 -0.00943 0.00943 1,935,500 756,000,000 0.00256

  3 450 0.00000 3,906 -0.00030 0.00030 1,935,500 756,000,000 0.00256 2 450 0.00000 3,907 0.01284 -0.01284 1,935,500 756,000,000 0.00256 1 450 0.00000 3,858 0.00939 -0.00939 1,935,500 756,000,000 0.00256

  450 0.00000 3,822 0.00347 -0.00347 1,935,500 756,000,000 0.00256

  450 0.00000 3,769 -0.00534 0.00534 1,935,500 756,000,000 0.00256

  450 0.00000 3,789 -0.00203 0.00203 1,935,500 756,000,000 0.00256

  450 0.00000 3,768 0.01805 -0.01805 1,935,500 756,000,000 0.00256

  Sumber:(data diolah, 2015)

• -1 820 0.02438 4,164 -0.00391 0.02829 3,069,700 1,019,270,625 0.00301
• -2
• -3
• -4 771 -0.01250 4,170 0.00358 -0.01608 3,312,600 1,019,270,625 0.00325
• -5 781 -0.06977 4,155 -0.00619 -0.06358 1,498,200 1,019,270,625 0.00147
• -6 839 0.00000 4,181 0.00424 -0.00424 1,971,400 1,019,270,625 0.00193
• -7 839 -0.01150 4,164 -0.00060 -0.01089 13,198,300 1,019,270,625 0.01295
• -8 849 0.24286 4,166 0.00213 0.24073 3,454,900 1,019,270,625 0.00339
• -9
• -10 654 0.00000 4,147 -0.00305 0.00305 177,200 1,019,270,625 0.00017
• -1 800 0.01266 3,818 0.00699 0.00567 47,000 4,761,500,000 0.00001
• -2
• -3 790 0.00000 3,860 0.00205 -0.00205 27,500 4,761,500,000 0.00001
• -4 790 -0.01250 3,853 -0.00353 -0.00897 37,000 4,761,500,000 0.00001
• -5 800 0.00000 3,866 0.01069 -0.01069 64,000 4,761,500,000 0.00001
• -6 800 -0.01235 3,825 -0.00398 -0.00837 64,000 4,761,500,000 0.00001
• -7 810 0.01250 3,841 -0.00019 0.01269 500 4,761,500,000 0.00000
• -8
• -9
• -10 780 -0.01266 3,655 -0.03821 0.02555 30,500 4,761,500,000 0.00001
• -1 649 0.00000 3,818 0.00699 -0.00699 375,400 900,000,000 0.00042
• -2 649 0.00000 3,792 -0.01783 0.01783 375,400 900,000,000 0.00042
• -3 649 0.00000 3,860 0.00205 -0.00205 375,400 900,000,000 0.00042
• -4

  Harga Saha m

  800 0.02564 3,718 0.01732 0.00832 2,000 4,761,500,000 0.00000

  800 0.00000 3,841 0.03320 -0.03320 36,500 4,761,500,000 0.00001

  790 0.00000 3,792 -0.01783 0.01783 27,500 4,761,500,000 0.00001

  850 0.06250 3,860 0.01101 0.05149 247,000 4,761,500,000 0.00005

  4 850 0.00000 3,890 -0.00314 0.00314 3,000 4,761,500,000 0.00000 3 850 0.06250 3,902 -0.01068 0.07318 80,500 4,761,500,000 0.00002 2 800 0.00000 3,944 0.01625 -0.01625 301,000 4,761,500,000 0.00006 1 800 -0.05882 3,881 0.00535 -0.06418 12,500 4,761,500,000 0.00000

  840 -0.01176 3,858 -0.00821 -0.00356 3,000 4,761,500,000 0.00000

  5

  10 850 0.04938 3,992 0.00909 0.04029 186,500 4,761,500,000 0.00004 9 810 0.00000 3,956 0.01749 -0.01749 63,500 4,761,500,000 0.00001 8 810 -0.02410 3,888 -0.01202 -0.01208 56,000 4,761,500,000 0.00001 7 830 0.02469 3,935 0.01378 0.01092 199,500 4,761,500,000 0.00004 6 810 -0.03571 3,881 0.00617 -0.04189 120,000 4,761,500,000 0.00003

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return Abnormal Return

  IHSG

  Actual Return

  Sumber:(data diolah, 2015)

TRIO

  

RAJA

  683 0.04477 4,157 0.00260 0.04217 3,262,900 1,019,270,625 0.00320

  820 0.06329 4,164 -0.00161 0.06490 2,191,500 1,019,270,625 0.00215

  800 -0.02380 4,180 0.00400 -0.02781 3,004,200 1,019,270,625 0.00295

  820 0.00000 4,181 0.00402 -0.00402 1,951,200 1,019,270,625 0.00191

  3 712 0.01388 4,224 0.00112 0.01276 1,141,100 1,019,270,625 0.00112 2 703 0.01409 4,219 0.00556 0.00853 2,018,300 1,019,270,625 0.00198 1 693 -0.15476 4,196 0.00365 -0.15841 7,826,900 1,019,270,625 0.00768

  712 0.00000 4,217 -0.00173 0.00173 2,568,600 1,019,270,625 0.00252

  4

  10 670 -0.02899 4,053 -0.01484 -0.01414 1,787,500 1,019,270,625 0.00175 9 690 0.04545 4,114 -0.00471 0.05017 2,567,000 1,019,270,625 0.00252 8 660 -0.04348 4,134 0.00111 -0.04459 764,500 1,019,270,625 0.00075 7 690 -0.04167 4,129 -0.01244 -0.02923 596,500 1,019,270,625 0.00059 6 720 0.01077 4,181 0.00534 0.00543 1,029,000 1,019,270,625 0.00101 5 712 0.00000 4,159 -0.01371 0.01371 1,576,600 1,019,270,625 0.00155

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return Abnormal Return

  IHSG

  Actual Return

  Harga Saha m

  Sumber:(data diolah, 2015)

• -5 649 0.00000 3,866 0.01069 -0.01069 375,400 900,000,000 0.00042
• -6 649 0.00000 3,825 -0.00398 0.00398 375,400 900,000,000 0.00042
• -7 649 0.00000 3,841 -0.00019 0.00019 375,400 900,000,000 0.00042
• -8 649 0.00000 3,841 0.03320 -0.03320 375,400 900,000,000 0.00042
• -9 649 0.00000 3,718 0.01732 -0.01732 375,400 900,000,000 0.0
• -10 649 0.00000 3,655 -0.03821 0.03821 375,400 900,000,000 0.00042

  2

  91 0.00000 3,956 0.01749 -0.01749 325,500 1,379,000,000 0.00024

  7

  91 0.00000 3,888 -0.01202 0.01202 325,500 1,379,000,000 0.00024

  6

  91 0.00000 3,935 0.01378 -0.01378 325,500 1,379,000,000 0.00024

  5

  91 0.00000 3,881 0.00617 -0.00617 325,500 1,379,000,000 0.00024

  4

  91 0.00000 3,858 -0.00821 0.00821 325,500 1,379,000,000 0.00024

  3

  91 0.00000 3,890 -0.00314 0.00314 325,500 1,379,000,000 0.00024

  91 0.00000 3,902 -0.01068 0.01068 325,500 1,379,000,000 0.00024

  91 0.00000 3,992 0.00909 -0.00909 325,500 1,379,000,000 0.00024

  1

  91 0.00000 3,944 0.01625 -0.01625 325,500 1,379,000,000 0.00024 91 0.00000 3,881 0.00535 -0.00535 325,500 1,379,000,000 0.00024

  91 0.00000 3,860 0.01101 -0.01101 325,500 1,379,000,000 0.00024

  91 0.00000 3,818 0.00699 -0.00699 325,500 1,379,000,000 0.00024

  91 0.00000 3,792 -0.01783 0.01783 325,500 1,379,000,000 0.00024

  91 0.00000 3,860 0.00205 -0.00205 325,500 1,379,000,000 0.00024

  91 0.00000 3,853 -0.00353 0.00353 325,500 1,379,000,000 0.00024

  91 0.00000 3,866 0.01069 -0.01069 325,500 1,379,000,000 0.00024

  91 0.00000 3,825 -0.00398 0.00398 325,500 1,379,000,000 0.00024

  91 0.00000 3,841 -0.00019 0.00019 325,500 1,379,000,000 0.00024

  91 0.00000 3,841 0.03320 -0.03320 325,500 1,379,000,000 0.00024

  8

  9

  91 0.00000 3,718 0.01732 -0.01732 325,500 1,379,000,000 0.00024 Sumber:(data diolah, 2015) Sumber:(data diolah, 2015)

  2

  

SMMT

  Harga Saha m

  Actual Return

  IHSG

  Market Return Abnormal Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  10 650 0.00000 3,992 0.00909 -0.00909 112,000 900,000,000 0.00012

  9

  650 0.00000 3,956 0.01749 -0.01749 112,000 900,000,000 0.00012

  8 650 0.00000 3,888 -0.01202 0.01202 112,000 900,000,000 0.00012 7 650 0.00000 3,935 0.01378 -0.01378 112,000 900,000,000 0.00012 6 650 0.00171 3,881 0.00617 -0.00446 112,000 900,000,000 0.00012 5 649 0.00000 3,858 -0.00821 0.00821 375,400 900,000,000 0.00042 4 649 0.00000 3,890 -0.00314 0.00314 375,400 900,000,000 0.00042 3 649 0.00000 3,902 -0.01068 0.01068 375,400 900,000,000 0.00042

  649 0.00000 3,944 0.01625 -0.01625 375,400 900,000,000 0.00042

  91 0.00000 4,050 0.01462 -0.01462 325,500 1,379,000,000 0.00024

  1 649 0.00000 3,881 0.00535 -0.00535 375,400 900,000,000 0.00042

  649 0.00000 3,860 0.01101 -0.01101 375,400 900,000,000 0.00042

  649 0.00000 3,853 -0.00353 0.00353 375,400 900,000,000 0.00042

  Sumber:(data diolah, 2015)

  

ITTG

  Harga Saham

  Actual Return

  IHSG

  Market Return Abnormal Return

  Volume Transaksi Volume Beredar Aktivitas Volume Perdagangan

  10

• -1
• -2
• -3
• -4
• -5
• -6
• -7
• -8
• -9
• -10

• -1 112 0.00895 4,270 -0.00762 0.01657 2,506,200 8,489,325,464 0.00030
• -2 111 -0.01767 4,302 0.00615 -0.02382 4,731,500 8,489,325,464 0.00056
• -3 113 -0.00880 4,276 -0.00994 0.00115 1,216,700 8,489,325,464 0.00014
• -4
>-5 112 -0.01760 4,305 -0.00754 -0.01006 3,081,400 8,489,325,464 0.00036
• -6 114 -0.01721 4,338 -0.00861 -0.00860 5,459,800 8,489,325,464 0.00064
• -7 116 -0.00857 4,375 0.00606 -0.01463 2,250,900 8,489,325,464 0.00027
• -8 117 0.00000 4,349 0.00297 -0.00297 226,100 8,489,325,464 0.00003
• -9 117 0.01736 4,336 0.00432 0.01304 1,296,400 8,489,325,464 0.0
• -10 115 -0.02542 4,317 0.00114 -0.02656 1,066,700 8,489,325,464 0.00013
• -1
• -2
• -3 460 0.03371 4,302 0.00615 0.02756 2,385,000 4,246,550,572 0.01222
• -4 445 -0.04301 4,276 -0.00994 -0.03307 51,910,500 4,246,550,572 0.00113
• -5 465 0.00000 4,319 0.00331 -0.00331 4,785,500 4,246,550,572 0.00190
• -6 465 -0.03125 4,305 -0.00754 -0.02371 8,048,000 4,246,550,572 0.00362
• -7 480 0.09091 4,338 -0.00861 0.09952 15,373,000 4,246,550,572 0.00105
• -8
• -9 445 0.01136 4,349 0.00297 0.00839 9,654,500 4,246,550,572 0.00232
• -10 440 0.07317 4,336 0.00432 0.06885 9,847,500 4,246,550,572 0.01856
• -1

  Harga Saham

  455 -0.01087 4,270 -0.00762 -0.00325 21,021,500 4,246,550,572 0.00056

  470 0.03297 4,287 0.00403 0.02894 8,865,000 4,246,550,572 0.00495

  455 -0.03191 4,293 0.00134 -0.03326 66,578,500 4,246,550,572 0.00209

  4 450 -0.01099 4,338 0.00454 -0.01553 7,973,000 4,246,550,572 0.00244 3 455 0.07059 4,318 0.00356 0.06703 10,346,000 4,246,550,572 0.00842 2 425 -0.03409 4,303 0.00275 -0.03684 35,764,000 4,246,550,572 0.01007 1 440 -0.03297 4,291 -0.00042 -0.03255 42,753,000 4,246,550,572 0.01568

  425 -0.05556 4,320 -0.00400 -0.05156 39,548,500 4,246,550,572 0.00188

  5

  430 0.01176 4,309 -0.00262 0.01439 56,985,500 4,246,550,572 0.00931

  6

  10 440 0.00000 4,255 -0.00492 0.00492 8,767,500 4,246,550,572 0.00680 9 440 0.01149 4,276 -0.00595 0.01744 28,870,000 4,246,550,572 0.00868 8 435 -0.02247 4,301 -0.00334 -0.01913 36,858,500 4,246,550,572 0.01667 7 445 0.03488 4,316 0.00162 0.03326 70,784,000 4,246,550,572 0.01342

  Aktivitas Volume Perdagangan

  Volume Transaksi Volume Beredar

  Market Return Abnormal Return

  IHSG

  Actual Return

  Sumber:(data diolah, 2015)

CNKO

  

INPC

  10 111 0.00000 4,276 -0.00595 0.00595 787,500 8,489,325,464 0.00009

  Harga Saha m

  Actual Return

  IHSG

  Market Return Abnormal Return

  Volume Transaksi Volume Beredar

  Aktivitas Volume Perdagangan

  9

  114 0.01791 4,319 0.00331 0.01460 1,485,500 8,489,325,464 0.00017

  111 0.00000 4,301 -0.00334 0.00334 644,500 8,489,325,464 0.00008

  8 111 -0.00582 4,316 0.00162 -0.00745 1,803,000 8,489,325,464 0.00021 7 112 0.00000 4,309 -0.00262 0.00262 714,700 8,489,325,464 0.00008 6 112 0.00895 4,320 -0.00400 0.01294 2,095,400 8,489,325,464 0.00025 5 111 -0.01767 4,338 0.00454 -0.02221 507,500 8,489,325,464 0.00006 4 113 0.00000 4,318 0.00356 -0.00356 617,900 8,489,325,464 0.00007 3 113 0.00000 4,303 0.00275 -0.00275 697,600 8,489,325,464 0.00008

  2

  113 0.00896 4,291 -0.00042 0.00938 1,758,900 8,489,325,464 0.00021

  1 112 0.00000 4,293 0.00134 -0.00134 507,500 8,489,325,464 0.00006

  112 0.00000 4,287 0.00403 -0.00403 152,900 8,489,325,464 0.00002

  440 -0.01124 4,375 0.00606 -0.01730 4,463,500 4,246,550,572 0.00227

• -2 123 -0.09173 4,440 -0.00571 -0.08602 1,842,400 7,424,634,500 0.00025
• -3 135 0.03809 4,465 0.01526 0.02283 2,136,700 7,424,634,500 0.00029
• -4 130 -0.01869 4,398 -0.00285 -0.01584 44,300 7,424,634,500 0.00001
• -5 133 -0.00926 4,411 0.00230 -0.01156 153,200 7,424,634,500 0.00002
• -6 134 0.00000 4,401 0.00418 -0.00418 495,800 7,424,634,500 0.00007
• -7 134 -0.00917 4,383 0.01779 -0.02696 645,000 7,424,634,500 0.00009
• -8
• -9 161 0.10175 4,317 -0.01044 0.11219 4,644,400 7,424,634,500 0.00063
• -10 146 0.24206 4,363 -0.00336 0.24543 3,193,000 7,424,634,500 0.00043

  3

  85 -0.15000 4,924 0.00959 -0.15959 2,544,500 7,109,300,000 0.00036

  8

  100 -0.00990 4,877 -0.00451 -0.00539 103,000 7,109,300,000 0.00001

  7 101 -0.00980 4,900 0.00042 -0.01023 79,500 7,109,300,000 0.00001 6 102 0.04615 4,898 -0.00580 0.05195 935,000 7,109,300,000 0.00013

  5

  98 0.06476 4,926 0.00070 0.06406 698,800 7,109,300,000 0.00010

  4

  92 -0.02699 4,923 -0.01182 -0.01517 228,800 7,109,300,000 0.00003

  94 0.00000 4,981 0.00489 -0.00489 759,000 7,109,300,000 0.00011