Analisi Faktor-Faktor yang Mempengaruhi Underpricing Saham pada Saat Initial Public Offering di Bursa Efek Indonesia

LAMPIRAN 1

NO
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2
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9
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12
13
14
15
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17

18
19
20
21
22
23
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25
26
27
28
29
30
31
32
33
34
35

DAFTAR SAHAM YANG UNDERPRICING SAAT IPO 2011-2014

Opening
Closing
Price
Price
KODE NAMA PERUSAHAAN
MBSS Mitrabahtera Segara Sejati
1600
1700
SRAJ
Sejahteraya Anugrahjaya
120
163.42
HDFA HD Finance
200
212.8
MTLA Metropolitan Land
240
510
TIFA
TIFA Finance

200
310
PTIS
Indo Straits
950
1000
SDMU Sidomulyo Selaras
225
240
ALDO Alkindo Naratama
225
250
SUPR
Solusi Tunas Pratama
3400
3492.8
GEMS Golden Energy Mines
2500
2725
VIVA

Visi Media Asia
300
450
ABM
M
ABM Investama
3750
3825
BAJA
Saranacentral Bajatama
250
310
PADI
Minna Padi
395
630
TELE
Tiphone Mobile Indonesia
310
420

BEST
Bekasi Fajar Industrial Estate
170
520
RANC Supra Boga Lestari
500
770
TRIS
Trisula International
300
315
TOBA Toba Bara Sejahtera
1,900
2000
ALTO Tri Bayan Tirta
210
302.34
GAMA Gading Development
105
178

IBST
IntiBangunan Sejahtera
1,000
1397.81
NIRO
Nirvana Development
105
240
PALM Provident Agro
450
470
NELY Pelayaran Nelly Dwi Putri
168
205
TAXI
Express Trasindo Utama
560
630
ASSA
Adi Sarana Armada

390
490
WIIM
Wismilak Intimakmur
650
800
WSKT Waskita Karya
380
434.79
HOTL Saraswati Griya Lestari
185
200
SAME Sarana Mediatama
400
455
TPMA Trans Power Marine
230
365
DYAN Dyandra Media International
350

385
NOBU Bank Nationalobu
375
430
DSNG Dharma Satya Nusantara
1850
1870

62
Universitas Sumatera Utara

36
37
38
39
40
41
42
43
44

45
46
47
48
49

SRIL
ACST
NRCA
SMBR
VICO
MLPT
BBMD
NAGA
BMAS
SILO
APII
KRAH
IMJS
SSMS

50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68

SIDO
BINA
ASMI
CANI
BALI
BLTZ
MDIA
DAJK
LINK
CINT
MGNA
BPII
TARA
DNAR
BIRD
SOCI
IMPC
IBFN
AGRS

Sri Rezeki Isman
Acset Indonusa
Nusa Raya Cipta
Semen Baturaja
Victoria Investama
Multipolar Technology
Bank Mestika Dharma
Bank Mitraniaga
Bank Maspion
Siloam International Hospital
Arita Prima Indonesia
Grand Kartech
Indomobil Multijasa
Sawit Sumbermas Sarana
Industri Jamu dan Farmasi
SidoMuncul
Bank Ina Perdana
Asuransi Mitra Maparya
Capitol Nusantara Indonesia
Bali Towerindo Sentra
Graha Layar Prima
Intermedia Capital
Dwi Aneka Jaya Kemasindo
Link Net
Chitose International
Magna Finance
Batavia Prosperindo International
Sitara Properindo
Bank Dinar
BlueBird
Soechi Lines
Impack Pratama
Intan Baruprana Finance
Bank Agris

240
2500
850
560
125
480
1380
180
320
9000
220
275
500
670

250
2825
1270
570
210
720
1560
305
325
9650
330
410
540
720

580
240
270
200
400
3000
1380
470
1600
330
105
500
106
110
6500
550
3800
288
110

700
270
405
239
600
3400
1510
530
2400
337
155
550
411
184
7450
620
5700
290
187

63
Universitas Sumatera Utara

LAMPIRAN 2
DATA UNDERWRITER DAN AUDITOR
N
O

KODE

NAMA
PERUSAHAAN
Mitrabahtera Segara
Sejati
Sejahteraya
Anugrahjaya

UNDERWRITER
PT OSK Nusadana
Sekuritas
PT Mandiri Sekuritas

1

MBSS

2

SRAJ

3

HD Finance

4

HDFA
MTL
A

5

TIFA

TIFA Finance

PT Makinta Sekuritas
PT Danareksa Sekuritas
PT Nikko
PT Andalan Artha
Advisindo Sekuritas

6

Indo Straits

PT Sinarmas Sekuritas

7

PTIS
SDM
U

Sidomulyo Selaras

8

ALDO

Alkindo Naratama

PT Makinta Sekuritas
PT Erdikha Elit
Sekuritas

Metropolitan Land

Pt Evergreen Capital

AUDITOR

Osman Bing Satrio, Eny
Paul Handiwinata, Hidjajat,
Arsono, Ade Fatma
Purwanto, Suherman, Surja
Osman Bing Satrio, Eny
Mulyamin Sensi Suryanto
Tanudiredja, Wibisana dan
Rekan
Morhan dan Rekan
Arsyad
Aryanto, Amir Jusuf, Mawar,
Saptoto

9

SUPR

Solusi Tunas Pratama

PT Ciptadana Sekuritas

10

GEMS

Golden Energy Mines

11

VIVA

Visi Media Asia

Purwanto, Suherman, Surja
Tjiendradjaja &
Handokotomo

12

ABM
M

PT Sinarmas Sekuritas
PT Ciptadana Sekuritas
PT Danatama Makmur
PT Mandiri Sekuritas
Sekuritas
PT Macquire Capital

13

BAJA

Tjahjadi & Tamara

14

PADI

15

TELE

PT Sinarmas Sekuritas

16

BEST

Minna Padi
Tiphone Mobile
Indonesia
Bekasi Fajar Industrial
Estate

PT Makinta Sekuritas
PT Ciptadana Sekuritas
PT Dinamika usaha
jaya
PT Panca Global

Anwar, Sugiharto, Rekan
Paul Handiwinata, Hidjajat,
Arsono, Ade Fatma

17

RANC

Supra Boga Lestari

PT Kresna Graha

18

TRIS

Trisula International

PT Sinarmas Sekuritas

Kosasih Nurdiyaman Tjahjo
Paul Handiwinata, Hidjajat,
Arsono, Ade Fatma

19

TOBA

Toba Bara Sejahtera

PT Mandiri Sekuritas

Purwanto, Suherman, Surja

ABM Investama
Saranacentral
Bajatama

PT Ciptadana Sekuritas

Purwanto, Suherman, Surja

Johan Malonda Mustika

64
Universitas Sumatera Utara

Morgan Stanley
CLSA
20
21
22

IBST

Gading Development
IntiBangunan
Sejahtera

23

NIRO

Nirvana Development

24

PALM

25

NELY

26

TAXI

Provident Agro
Pelayaran Nelly Dwi
Putri
Express Trasindo
Utama

27

ASSA

Adi Sarana Armada

28

WIIM

Wismilak Intimakmur

29

WSK
T

30

HOTL

Waskita Karya
Saraswati Griya
Lestari

31

SAME

Sarana Mediatama

PT Valbury Asia
PT Lauthandana
Sekuritas

32

Trans Power Marine
Dyandra Media
International

PT BCA Sekuritas
PT Mandiri Sekuritas
PT OSK

34

TPMA
DYA
N
NOB
U

35

DSNG

Bank Nationalobu
Dharma Satya
Nusantara

PT Ciptadana Sekuritas
PT Ciptadana Sekuritas
PT BCA Sekuritas

36

SRIL

Sri Rezeki Isman

PT Bahana Sekuritas

Purwanto, Suherman, Surja

37

ACST

Acset Indonusa

Kim Eng

38

NRCA

Nusa Raya Cipta

39

SMBR

Semen Baturaja

40

VICO

41

MLPT
BBM
D

Victoria Investama
Multipolar
Technology

PT Ciptadana Sekuritas
PT Bahana Sekuritas
Danareksa, Mandiri
PT Andalan Artha
Advisindo Sekuritas

Purwanto, Suherman, Surja
Aryanto, Amir Jusuf, Mawar,
Saptoto
Doli, Bambang, Sulistiyanto,
Dadang, Ali

33

42

Tri Bayan Tirta

Bank Mestika Dharma

PT Valbury Asia
PT Andalan Artha
Advisindo Sekuritas
PT OSK Nusadana
PT Sinarmas Sekuritas
PT Andalan Artha
Advisindo Sekuritas
PT Indo premies
PT DBS Vickers
PT Lauthandana
Sekuritas

Jamaludin, Ardi Sukimto,
Rekan

ALTO
GAM
A

PT Mandiri Sekuritas
PT Bahana Sekuritas
PT Buana Sekuritas
PT Mandiri Sekuritas
PT OSK
PT Bahana Sekuritas
PT Danreksa
PT Mandiri Sekuritas

Kosasih Nurdiyaman Tjahjo
Kosasih Nurdiyaman Tjahjo
Tanubrata Sutanto Fahmi
Tanubrata Sutanto Fahmi
Aryanto, Amir Jusuf, Mawar,
Saptoto
Osman Bing Satrio, Eny
Purwanto, Suherman, Surja
Kosasih Nurdiyaman Tjahjo
Doli, Bambang, Sulistiyanto,
Dadang, Ali
Jamaludin, Ardi Sukimto,
Rekan
Kosasih Nurdiyaman Tjahjo
Teramihardja, Pradhono &
Chandra
Kosasih Nurdiyaman Tjahjo
Aryanto, Amir Jusuf, Mawar,
Saptoto
Siddharta & Widjaja

PT Ciptadana Sekuritas

Tjahjadi & Tamara
Aryanto, Amir Jusuf, Mawar,
Saptoto

PT Ciptadana Sekuritas

Leonard, Mulia, Richard

65
Universitas Sumatera Utara

44

NAG
A
BMA
S

45

SILO

Bank Maspion
Siloam International
Hospital

46

APII

Arita Prima Indonesia

47

KRA
H

Grand Kartech

48

IMJS

Indomobil Multijasa

43

Bank Mitraniaga

Sawit Sumbermas
Sarana
Industri Jamu dan
Farmasi SidoMuncul

49

SSMS

50

SIDO

51

BINA

52

ASMI

53

CANI

Bank Ina Perdana
Asuransi Mitra
Maparya
Capitol Nusantara
Indonesia

54

BALI

Bali Towerindo Sentra

55

BLTZ

Graha Layar Prima

56

MDIA

57

DAJK

Intermedia Capital
Dwi Aneka Jaya
Kemasindo

58

LINK

Link Net

59

Chitose International

60

CINT
MGN
A

61

BPII

62

PT Andalan Artha
Advisindo Sekuritas

Kanaka, Puradiredja &
Suhartono

PT Makinta Sekuritas

Purwanto, Suherman, Surja
Aryanto, Amir Jusuf, Mawar,
Saptoto
Doli, Bambang, Sulistiyanto,
Dadang, Ali

PT Ciptadana Sekuritas
PT Lauthandana
Sekuritas
PT Andalan Artha
Advisindo Sekuritas
PT Investindo
PT Kresna Graha
PT Buana Capital
PT BNP Paribas
PT Mandiri Sekuritas
RHB OSK
PT Kresna Graha
PT Mandiri Sekuritas
PT Buana Sekuritas
Capital
PT Kresna Graha
PT Trimegah
OCBC Sekuritas
PT RHB OSK
PT Indo Premier
Sekuritas
PT Ciptadana Sekuritas
PT Sinarmas Sekuritas
PT Kresna Sekuritas
PT Valbury Asia
Sucorinvest

Hendrawinata Eddy &
Siddharta
Purwanto, Suherman, Surja

Purwanto, Suherman, Surja
Tanubrata Sutanto Fahmi
PT Adimitra Transferindo
Aryanto, Amir Jusuf, Mawar,
Saptoto
Purwanto, Suherman, Surja
Aryanto, Amir Jusuf, Mawar,
Saptoto
Kosasih Nurdiyaman Tjahjo
Handoko Tomo Samuel
Gunawan

PT Ciptadana Sekuritas
PT Danareksa Sekuritas
PT Sinarmas Sekuritas

Hadori Sugiarto Adi & Rekan
Aryanto, Amir Jusuf, Mawar,
Saptoto
Koesbandijah, Beddy Samsi,
Setiasih

Magna Finance
Batavia Prosperindo
International

PT Jasa Utama

Tjahjadi & Tamara

PT Panin Sekuritas

Sitara Properindo

63

TARA
DNA
R

64

BIRD

BlueBird

PT Sinarmas Sekuritas
PT Andalan Artha
Advisindo Sekuritas
PT Credit Suisse
PT Danareksa Sekuritas

Tanubrata Sutanto Fahmi
Doli, Bambang, Sulistiyanto,
Dadang, Ali
Hendrawinata Eddy &
Siddharta

Bank Dinar

Kosasih Nurdiyaman Tjahjo

66
Universitas Sumatera Utara

PT UBS Sekuritas
65

SOCI

Soechi Lines

66

IMPC

67

IBFN

Impack Pratama
Intan Baruprana
Finance

68

AGRS

Bank Agris

PT RHB OSK
PT Mandiri Sekuritas
PT Ciptadana Sekuritas
PT BNI Sekuritas
PT Indo Premier
Sekuritas

Kosasih Nurdiyaman Tjahjo
Aryanto, Amir Jusuf, Mawar,
Saptoto
Osman Bing Satrio, Eny
Gani Sigiro & Handayani

67
Universitas Sumatera Utara

LAMPIRAN 3
DATA PENELITIAN SIAP OLAH
NO

KODE

NAMA PERUSAHAAN

UMUR

RA

RU

EPS

Underpricing

1

MBSS

Mitrabahtera Segara Sejati

17

1

4

179

0.058824

2

SRAJ

Sejahteraya Anugrahjaya

20

0

1

1.02

0.265696

3

HDFA

HD Finance

39

1

1

116

0.06015

4

MTLA

Metropolitan Land

17

1

4

12.15

0.529412

5

TIFA

TIFA Finance

22

0

2

116

0.354839

6

PTIS

Indo Straits

26

1

4

91

7

SDMU

Sidomulyo Selaras

18

0

1

16.59

0.0625

8

ALDO

Alkindo Naratama

22

0

1

62.05

0.1

9

SUPR

Solusi Tunas Pratama

5

0

4

460

0.026569

10

GEMS

Golden Energy Mines

14

1

4

16.93

0.082569

11

VIVA

Visi Media Asia

7

1

5

0.31

0.333333

12

ABMM

ABM Investama

5

1

4

154

0.019608

13

BAJA

Saranacentral Bajatama

18

0

1

13

0.193548

14

PADI

Minna Padi

14

0

4

12

0.373016

15

TELE

4

0

4

42

0.261905

16

BEST

Tiphone Mobile Indonesia
Bekasi Fajar Industrial
Estate

23

0

4

50.63

0.673077

17

RANC

Supra Boga Lestari

15

0

3

32

0.350649

18

TRIS

Trisula International

8

0

4

11.57

0.047619

19

TOBA

Toba Bara Sejahtera

5

1

5

427

20

ALTO

Tri Bayan Tirta

15

0

3

25.94

0.305418

21

GAMA

Gading Development

9

0

1

3.28

0.410112

22

IBST

IntiBangunan Sejahtera

6

0

4

224

0.284595

23

NIRO

Nirvana Development

9

0

1

53.8

0.5625

24

PALM

Provident Agro

6

0

4

26

0.042553

25

NELY

Pelayaran Nelly Dwi Putri

35

0

3

72

0.180488

26

TAXI

Express Trasindo Utama

31

1

5

45.3

0.111111

27

ASSA

Adi Sarana Armada

13

1

5

6

0.204082

28

WIIM

Wismilak Intimakmur

18

0

5

80

29

WSKT

Waskita Karya

51

0

5

9

30

HOTL

Saraswati Griya Lestari

7

0

3

8.8

31

SAME

Sarana Mediatama

29

0

3

23.27

0.120879

32

TPMA

8

0

1

43

0.369863

33

DYAN

Trans Power Marine
Dyandra Media
International

6

0

4

22

0.090909

34

NOBU

Bank Nationalobu

23

0

4

1.64

0.127907

35

DSNG

Dharma Satya Nusantara

33

1

4

136.9

0.010695

36

SRIL

Sri Rezeki Isman

35

1

5

17

0.05

0.05

0.1875
0.126015
0.075

0.04

68
Universitas Sumatera Utara

37

ACST

Acset Indonusa

18

1

5

131

0.115044

38

NRCA

Nusa Raya Cipta

38

0

4

574

0.330709

39

SMBR

Semen Baturaja

39

0

5

1453

0.017544

40

VICO

Victoria Investama

24

0

1

15.71

0.404762

41

MLPT

Multipolar Technology

12

0

4

38

0.333333

42

BBMD

Bank Mestika Dharma

58

0

4

66

0.115385

43

NAGA

Bank Mitraniaga

24

0

1

4

0.409836

44

BMAS

24

1

1

20

0.015385

45

SILO

Bank Maspion
Siloam International
Hospital

17

0

4

51

0.067358

46

APII

Arita Prima Indonesia

13

0

3

105

0.333333

47

KRAH

Grand Kartech

23

1

1

89

0.329268

48

IMJS

Indomobil Multijasa

9

1

3

32.5

0.074074

49

SSMS

18

1

5

727

0.069444

50

SIDO

Sawit Sumbermas Sarana
Industri Jamu dan Farmasi
SidoMuncul

38

0

5

342

0.171429

51

BINA

Bank Ina Perdana

24

0

2

5.28

0.111111

52

ASMI

Asuransi Mitra Maparya

58

0

3

7.4

0.333333

53

CANI

Capitol Nusantara Indonesia

14

1

3

0

54

BALI

Bali Towerindo Sentra

8

0

5

167

0.333333

55

BLTZ

Graha Layar Prima

10

0

5

-92

0.117647

56

MDIA

Intermedia Capital

6

0

5

39

0.086093

57

DAJK

Dwi Aneka Jaya Kemasindo

17

0

5

88.2

0.113208

58

LINK

Link Net

18

0

5

119

0.333333

59

CINT

Chitose International

36

0

5

60

0.020772

60

MGNA

30

0

2

12.7

0.322581

61

BPII

Magna Finance
Batavia Prosperindo
International

16

0

3

92.39

0.090909

62

TARA

Sitara Properindo

8

0

3

0.69

0.742092

63

DNAR

Bank Dinar

24

1

1

3.51

0.402174

64

BIRD

BlueBird

13

0

5

333

0.127517

65

SOCI

Soechi Lines

4

0

5

28

0.112903

66

IMPC

Impack Pratama

33

0

5

326

0.333333

67

IBFN

Intan Baruprana Finance

23

1

3

15

0.006897

68

AGRS

Bank Agris

41

0

5

4.21

0.411765

0.16318

69
Universitas Sumatera Utara

LAMPIRAN 4
KAP BIG FOUR
1. KAP. TANUDIREDJA, WIBISANA & REKAN
Kerjasama Dengan PricewaterhouseCoopers (11 Maret 2010)
Izin Usaha Nomor : KEP-151/KM.1/2010 (4 Maret 2010)
Gedung PricewaterhouseCoopers
Jl. H.R. Rasuna Said X-7 No.6
Jakarta Selatan 12940
Telp : +62 21 5212901
Fax : +62 21 52905555 / 52905050
Website: www.pwc.com
2. KAP. OSMAN BING SATRIO &
REKAN (PUSAT)
Kerjasama Dengan Deloitte Touche Tohmatsu (5 Nopember2007)
Izin Usaha Nomor : KEP-758/KM.1/2007 (29 Oktober 2007)
The Plaza Office Tower 32 Floor
Jl, M.H. Thamrin Kav 28-30
Tel: +62 21 2992 3100
Fax: +62 21 2992 8200, 2992 8300
E-mail : iddttl@deloitte.com
Website: www.deloitte.com/id
3. KAP. PURWANTONO, SUHERMAN & SURJA (PUSAT)
Kerjasama Dengan Ernst & Young Global Limited (17 Juni 2010)
Izin Usaha Nomor : KEP-381/KM.1/2010 (24 Mei 2010)
Indonesia Stock Exchange Building
Tower II, 7th
Floor
Jl. Jend. Sudirman Kav.52 - 53
Jakarta 12190
Tel: 021 5289 5000
Fax: 021 5289 4100
Website: www.ey.com/ID/EN
4. KAP. SIDDHARTA & WIDJAJA
Kerjasama Dengan KPMG International (11 Mei 2009)
Izin Usaha Nomor : KEP-437/KM.1/2009 (27 April 2009)

70
Universitas Sumatera Utara

Wisma GKBI Lantai 33
Jl. Jend. Sudirman Kav.28
Jakarta Pusat 10210
Indonesia
Tel: +62 (0) 21 574 2333
Fax: +62 (0) 21 574 1777
Website: kmpg.com/id

71
Universitas Sumatera Utara

LAMPIRAN 5
FACTBOOK 2011
50 MOST ACTIVE IDX MEMBERS IN TOTAL TRADING VALUE
No.

Code

Stock Name

1.

CS

2.

YU

3.
4.

ZP
KZ

5.

BK

6.

DB

7.

RX

8.

AK

9.

YP

Credit Suisse
Securities Indonesia
CIMB Securities
Indonesia
Kim Eng Securities
CLSA Indonesia
JP Morgan
Securities Indonesia
Deutsche Securities
Indonesia
Macquarie Capital
Sec.Indonesia
UBS Securities
Indonesia
eTrading Securities

10.

DX

Bahana Securities

11.

CC

Mandiri Sekuritas

12.

DR

13.

ML

14.

KI

15.

PD

16.

OD

17.

LG

18.

KK

19.

DH

OSK Nusadana
Securities Indonesia
Merrill Lynch
Indonesia
Ciptadana
Securities
Indo Premier
Securities
Danareksa
Sekuritas
Trimegah Securities
Tbk
Phillip Securities
Indonesia
Sinarmas Sekuritas

20.

NI

BNI Securities

21.

CP

22.

YJ

23.

AI

24.

BW

25.

LS

26.

FZ

27.
28.

GR
HD

Valbury Asia
Securities
Lautandhana
Securindo
UOB Kay Hian
Securities
BNP Paribas
Securities Indonesia
Reliance Securities
Tbk
Waterfront
Securities Indonesia
Panin Sekuritas Tbk
HD Capital Tbk

Volume
(Mill. Sh)

Value
(Bill. Rp)

% of
Total

Freq.
Th.(X)

Volume
(Mill.
Sh)

Value
(Bill.
Rp)

Freq.
Th.(X)

56,314

142,935

6.08

1,326

22,894

69,359

580

99,417

142,010

6.04

1,385

18,196

28,970

400

68,236
49,880

114,597
100,164

4.87
4.26

1,774
634

14,491
8,697

34,772
27,152

458
187

28,613

95,378

4.05

542

12,546

39,368

240

29,269

94,787

4.03

627

9,680

37,371

239

47,930

92,714

3.94

576

8,142

28,969

262

27,635

81,076

3.45

416

8,001

26,766

228

163,182

75,252

3.20

5,384

20,972

20,374

1,292

33,810

71,060

3.02

605

12,298

24,092

295

66,606

68,982

2.93

945

12,688

26,201

253

95,492

64,506

2.74

1,787

16,357

15,783

348

30,687

63,643

2.71

876

5,529

19,203

287

96,693

63,275

2.69

936

10,777

9,916

184

109,570

61,908

2.63

3,782

16,075

13,821

793

63,358

60,309

2.56

1,442

10,008

15,857

339

68,750

53,259

2.26

1,385

8,495

9,597

228

66,378

45,329

1.93

1,877

8,273

8,976

394

50,881

40,534

1.72

543

10,331

9,489

135

60,126

39,110

1.66

1,931

7,539

9,869

430

72,982

36,752

1.56

1,522

11,682

8,467

352

86,242

36,164

1.54

996

11,183

7,000

200

42,395

33,892

1.44

598

7,121

9,322

179

14,165

30,808

1.31

295

3,176

8,540

101

48,368

27,842

1.18

1,007

6,121

6,032

209

63,957

26,665

1.13

1,037

8,327

4,777

164

41,522
36,883

26,165
21,270

1.11
0.90

970
474

6,369
2,804

6,441
2,913

195
69

72
Universitas Sumatera Utara

29.

HG

30.

CD

31.

KS

32.
33.
34.

FS
MG
EP

35.

BJ

36.

DP

37.

BZ

38.

HP

39.

AO

40.

IF

41.

IN

42.

PO

43.

AG

44.

SH

45.

EL

46.

BQ

RBS Asia Securities
Indonesia
Mega Capital
Indonesia
Kresna Graha
Sekurindo Tbk
Amcapital Indonesia
Semesta Indovest
MNC Securities
Andalan Artha
Advisindo Sekuritas
DBS Vickers
Securities Indonesia
Batavia Prosperindo
Sekuritas
Henan Putihrai
Erdikha Elit
Sekuritas
Samuel Sekuritas
Indonesia
Investindo
Nusantara
Sekuritas
Pilarmas Investindo
Kiwoom Securities
Indonesia
Artha Securities
Indonesia

4,918

20,508

0.87

161

1,428

6,213

43

21,734

20,471

0.87

420

3,175

4,395

100

24,378

20,070

0.85

608

4,726

5,336

122

24,849
32,826
38,631

19,167
18,336
17,861

0.81
0.78
0.76

349
408
624

5,336
4,600
-

5,573
2,750
-

101
75
-

14,801

16,723

0.71

215

5,423

3,246

41

10,000

16,572

0.70

198

2,021

5,377

67

16,955

16,469

0.70

317

2,403

4,640

93

33,553

15,377

0.65

335

4,688

3,098

63

27,720

14,675

0.62

468

3,096

3,083

82

24,812

12,938

0.55

141

2,969

3,205

38

33,591

12,559

0.53

500

3,578

2,651

77

23,271

11,083

0.47

291

3,371

3,186

49

16,671

10,562

0.45

369

2,458

1,814

75

20,844

10,125

0.43

275

2,193

1,643

38

Evergreen Capital

19,575

10,058

0.43

371

2,576

1,936

57

Danpac Sekuritas

15,838

9,789

0.42

205

2,272

2,637

41

19,925

9,551

0.41

486

2,609

1,441

59

26,579

9,459

0.40

347

2,500

1,558

27

35,755

8,758

0.37

44

1,964

739

7

12,931

8,668

0.37

337

1,494

1,875

49

Total 50 Stocks

2,219,492

2,120,165

43,142

373,688

601,677

10,533

% of Total
Market Total

83.39
2,661,730

90.12
2,352,475

83.23
51,837

82.34
453,832

91.46
657,844

85.95
12,255

47.

QA

48.

SM

49.

II

50.

AZ

Prime Capital
Securities
Millenium
Danatama
Sekuritas
Danatama Makmur
Sucorinvest Central
Gani

73
Universitas Sumatera Utara

FACTBOOK 2012
50 MOST ACTIVE IDX MEMBERS IN TOTAL TRADING VALUE
No.

Code

1.

CS

2.

YU

3.

DB

4.

BK

5.

ZP

6.

DX

7.

KZ

8.

AK

9.

YP

10.

RX

11.

CC

12.

DR

13.

ML

14.

PD

15.

OD

16.

KI

17.
18.

DH
NI

19.

CP

20.

KK

21.

AI

22.

LG

23.
24.

EP
OK

25.

YJ

26.

CG

27.

GR

28.

BW

29.

LS

Volume
(Mill. Sh)

Value
(Bill. Rp)

% of
Total

Freq.
Th.(X)

Volume
(Mill.
Sh)

Value
(Bill.
Rp)

Freq.
Th.(X)

63,657

167,347

6.84

2,002

12,283

33,708

515

115,574

145,523

5.95

1,873

21,478

30,794

504

32,269

117,460

4.80

948

9,225

31,366

370

57,474

116,079

4.74

914

8,436

19,479

215

Kim Eng Securities

59,854

115,042

4.70

1,604

13,616

28,741

422

Bahana Securities

52,603

104,633

4.28

1,431

12,119

26,313

408

CLSA Indonesia
UBS Securities
Indonesia
eTrading Securities
Macquarie Capital
Securities Indonesia

38,704

98,356

4.02

664

7,842

21,334

155

33,071

94,406

3.86

1,310

9,029

28,938

356

126,445

86,258

3.53

5,815

24,532

17,121

1,196

26,108

84,147

3.44

897

13,010

26,947

218

Mandiri Sekuritas

63,522

80,522

3.29

1,298

17,303

17,668

413

87,078

63,861

2.61

1,755

13,646

10,811

409

20,730

60,034

2.45

1,191

3,454

13,181

260

84,727

57,141

2.34

3,490

17,127

13,247

779

54,667

56,048

2.29

1,478

10,658

10,191

352

81,389

52,194

2.13

888

14,575

9,627

219

58,264
46,483

42,684
39,446

1.74
1.61

654
1,951

8,316
10,787

7,093
9,874

184
502

64,573

37,638

1.54

1,783

13,587

8,628

517

49,409

36,156

1.48

1,877

10,466

7,160

501

36,456

35,438

1.45

983

9,286

9,813

297

39,031

32,817

1.34

838

6,091

5,424

143

53,621
28,364

30,560
29,554

1.25
1.21

998
81

14,991
611

8,437
584

357
14

71,916

29,041

1.19

1,039

14,104

6,406

275

9,240

28,749

1.17

192

2,928

9,956

62

40,837

27,656

1.13

888

8,624

6,627

210

9,890

26,473

1.08

305

2,111

7,234

59

41,743

23,697

0.97

1,171

7,540

4,117

258

Stock Name
Credit Suisse
Securities Indonesia
CIMB Securities
Indonesia
Deutsche Securities
Indonesia
JP Morgan
Securities Indonesia

OSK Nusadana
Securities Indonesia
Merrill Lynch
Indonesia
Indo Premier
Securities
Danareksa
Sekuritas
Ciptadana
Securities
Sinarmas Sekuritas
BNI Securities
Valbury Asia
Securities
Phillip Securities
Indonesia
UOB Kay Hian
Securities
Trimegah Securities
Tbk.
MNC Securities
Net Sekuritas
Lautandhana
Securindo
Citigroup Securiites
Indonesia
Panin Sekuritas
Tbk.
BNP Paribas
Securities Indonesia
Reliance Securities
Tbk.

74
Universitas Sumatera Utara

30.

KS

Kresna Graha
Sekurindo Tbk.

29,605

23,402

0.96

597

7,573

5,130

152

31.

FS

Amcapital Indonesia

27,000

21,281

0.87

466

5,961

5,096

130

32.

LK

39,043

21,114

0.86

53

392

344

7

33.

FZ

45,413

20,107

0.82

714

10,672

5,141

199

34.

BZ

12,782

18,897

0.77

413

-

-

-

35.

HG

Recapital Securities
Waterfront
Securities Ind.
Batavia Prosperindo
Sekuritas
RBS Asia Securities
Inidonesia

4,797

18,806

0.77

114

638

2,548

3

36.

HD

HD Capital Tbk.

28,948

17,785

0.73

436

9,517

5,135

137

15,590

17,703

0.72

456

3,723

4,426

107

8,395

15,576

0.64

187

1,166

2,756

39

29,365

15,455

0.63

221

2,993

2,930

50

21,298

15,229

0.62

264

5,342

2,951

66

16,170

13,756

0.56

167

4,903

4,204

50

21,198

13,484

0.55

448

5,210

3,151

121

15,424

10,980

0.45

230

3,725

3,466

73

20,272

10,476

0.43

653

5,509

3,172

200

37.

CD

38.

DP

39.

BJ

40.

HP

Mega Capital
Indonesia
DBS Vickers
Securities Indonesia
Andalan Artha
Advisindo Sekuritas
Henan Putihrai
Samuel Sekuritas
Indonesia
Erdikha Elit
Sekuritas
Danpac Sekuritas
Woori Korindo
Securities Indonesia

41.

IF

42.

AO

43.

BQ

44.

XA

45.

MG

Semesta Indovest

21,612

10,423

0.43

334

3,831

1,799

121

46.

PO

Pilarmas Investindo

19,861

9,908

0.40

199

4,173

2,165

71

21,055

9,411

0.38

317

4,030

1,637

98

12,388

8,882

0.36

122

1,861

1,868

27

15,892

8,603

0.35

137

7,231

4,273

72

15,173

8,422

0.34

244

4,510

2,459

75

Total 50 Stocks

1,988,980

2,228,658

47,087

413,157

499,216

12,065

% of Total

82.63

91.08

84.02

80.83

89.66

81.62

Market Total

2,407,100

2,446,881

56,046

511,121

556,802

14,782

47.

IN

48.

RF

49.

SM

50.

AZ

Investindo
Nusantara
Sekuritas
Buana Capital
Millenium
Danatama
Sekuritas
Sucorinvest Central
Gani

75
Universitas Sumatera Utara

FACTBOOK 2013
50 MOST ACTIVE IDX MEMBERS IN TOTAL TRADING VALUE
No.

1.

Code

CS

Brokerage Name

Credit Suisse Securities

Volume

Value

% of

Freq.

Volume

Value

Freq.

(Mill.

(Bill.

Total

Th.(X)

(Mill.

(Bill.

Th.(X)

Sh)

Rp)

Sh)

Rp)

53,417

137,299

6.15

1,808

15,634

45,590

601

66,693

123,196

5.52

1,498

16,688

49,195

511

96,649

116,545

5.22

2,109

40,293

47,900

735

32,039

109,186

4.89

1,381

9,746

31,027

460

37,992

108,565

4.86

1,101

12,916

32,560

373

Indonesia
2.

AK

UBS Securities
Indonesia

3.

YU

CIMB Securities
Indonesia

4.

DB

Deutsche Securities
Indonesia

5.

RX

Macquarie Capital
Securities Indonesia

6.

ZP

Kim Eng Securities

56,194

107,444

4.81

1,608

17,481

29,012

439

7.

DX

Bahana Securities

45,854

104,299

4.67

1,676

13,534

28,623

488

8.

KZ

CLSA Indonesia

42,213

101,872

4.56

705

10,545

23,899

265

9.

BK

JP Morgan Securities

26,466

83,849

3.76

944

7,172

20,241

327

Indonesia
10.

CC

Mandiri Sekuritas

65,909

68,269

3.06

1,665

26,969

25,897

673

11.

YP

eTrading Securities

96,854

66,361

2.97

4,870

33,787

21,724

1,440

12.

CG

Citigroup Securities

12,625

47,455

2.13

360

8,252

22,217

285

Indonesia
13.

PD

Indo Premier Securities

61,280

46,335

2.08

3,089

19,247

14,503

858

14.

DR

RHB OSK Securities

56,488

46,122

2.07

1,633

24,071

16,727

523

Indonesia
15.

EP

MNC Securities

62,634

44,921

2.01

1,785

14,548

11,435

549

16.

OD

Danareksa Sekuritas

50,162

42,997

1.93

1,492

18,666

16,478

453

17.

ML

Merrill Lynch Indonesia

9,734

39,006

1.75

764

-

-

-

18.

DH

Sinarmas Sekuritas

95,939

37,651

1.69

734

26,744

10,718

202

19.

AI

UOB Kay Hian

34,762

37,492

1.68

1,266

13,064

11,054

394

Securities
20.

KI

Ciptadana Securities

55,437

36,359

1.63

846

23,681

22,901

267

21.

NI

BNI Securities

41,157

35,120

1.57

1,972

14,377

14,026

543

22.

CP

Valbury Asia Securities

57,340

34,923

1.56

1,977

29,743

15,068

701

23.

FG

Nomura Indonesia

8,370

29,559

1.32

552

3,727

10,023

295

24.

KK

Phillip Securities

41,159

29,237

1.31

1,955

13,665

9,146

545

Indonesia
25.

GR

Panin Sekuritas Tbk.

43,600

27,154

1.22

847

15,365

11,298

304

26.

BW

BNP Paribas Securities

9,015

24,204

1.08

239

3,495

7,119

94

Indonesia
27.

YJ

Lautandhana Securindo

46,510

21,853

0.98

960

14,884

6,632

252

28.

KS

Kresna Graha

28,070

20,698

0.93

591

10,979

6,940

206

20,645

20,288

0.91

567

8,978

6,884

182

Sekurindo Tbk.
29.

LG

Trimegah Securities
Tbk.

76
Universitas Sumatera Utara

30.

LS

Reliance Securities Tbk.

35,623

19,555

0.88

1,209

21,037

9,319

348

31.

MS

Morgan Stanley Asia

3,973

18,943

0.85

137

4,561

23,696

167

32.

CD

Mega Capital Indonesia

14,699

18,764

0.84

424

5,642

6,117

121

33.

FS

Amcapital Indonesia

23,992

18,585

0.83

570

7,836

4,717

178

34.

SM

Millenium Danatama

37,181

18,496

0.83

340

11,515

5,012

64

Indonesia

Sekuritas
35.

HD

HD Capital Tbk.

28,426

17,591

0.79

481

6,111

3,963

133

36.

FZ

Waterfront Securities

44,140

17,407

0.78

843

14,236

5,515

247

Ind.
37.

YB

Jasa Utama Capital

27,047

16,548

0.74

656

12,221

6,874

252

38.

IF

Samuel Sekuritas

17,432

16,250

0.73

205

4,382

4,963

75

8,156

14,384

0.64

287

4,676

5,433

79

7,039

13,367

0.60

198

1,963

3,447

54

22,679

12,250

0.55

715

8,302

4,605

251

25,773

11,416

0.51

441

5,673

3,533

161

Indonesia
39.

BZ

Batavia Prosperindo
Sekuritas

40.

DP

DBS Vickers Securities
Indonesia

41.

XA

Woori Korindo
Securities Indonesia

42.

AZ

Sucorinvest Central
Gani

43.

HP

Henan Putihrai

18,941

11,079

0.50

246

5,764

2,689

74

44.

AO

Erdikha Elit Sekuritas

17,802

10,829

0.49

520

6,532

3,342

230

45.

PC

First Asia Capital

15,845

10,461

0.47

820

7,426

3,239

297

46.

BJ

Andalan Artha

7,714

10,190

0.46

173

2,693

1,995

86

Advisindo Sekuritas
47.

RF

Buana Capital

8,422

9,988

0.45

146

3,680

5,114

64

48.

PO

Pilarmas Investindo

17,022

9,208

0.41

287

5,824

3,638

112

49.

XL

Mahakarya Artha

14,534

8,351

0.37

440

5,879

3,796

191

15,288

7,930

0.36

518

7,711

3,515

183

50,649

621,913

683,361

16,329

84.58

82.71

90.86

84.01

59,882

751,945

752,107

19,438

Securities
50.

MG

Semesta Indovest

Total 50 Stocks

1,766,938
2,039,853

% of Total

83.84

Market Total

2,107,524

91.38

2,232,227

77
Universitas Sumatera Utara

FACTBOOK 2014
50 MOST ACTIVE IDX MEMBERS IN TOTAL TRADING VALUE
No.

Code

Brokerage Name

Freq.

Volume

Value

Freq.

(Ths.

(Mill.

(Bill.

(Ths.

X)

Sh)

Rp)

X)

6.77

2,776

11,824

33,298

858

185,156

6.08

2,806

24,967

31,234

910

85,507

178,867

5.88

2,118

9,940

32,882

756

46,172

130,538

4.29

2,236

13,453

34,441

1,040

48,087

128,455

4.22

1,642

11,451

32,007

556

102,108

115,037

3.78

2,753

24,141

31,849

1,076

66,530

114,097

3.75

1,712

12,899

34,912

512

49,931

111,837

3.67

1,371

12,084

25,895

549

27,084

97,184

3.19

1,013

7,560

23,467

476

104,517

89,684

2.95

5,656

23,101

20,522

1,779

45,770

88,197

2.90

1,708

8,890

18,228

540

29,979

81,536

2.68

1,185

6,759

21,462

517

26,926

79,543

2.61

1,364

4,448

13,177

400

91,373

73,575

2.42

1,661

24,184

14,905

509

75,958

65,684

2.16

2,021

16,186

17,086

729

72,558

63,904

2.10

3,388

11,910

11,880

1,041

68,767

58,900

1.93

987

10,237

11,766

299

94,230

55,261

1.82

2,267

14,482

10,467

605

20,075

50,643

1.66

1,861

7,783

23,813

1,106

Volume

Value

% of

(Mill. Sh)

(Bill. Rp)

Total

70,871

206,142

144,531

Credit Suisse
1.

CS

Securities
Indonesia

2.

YU

3.

AK

4.

DB

CIMB Securities
Indonesia
UBS Securities
Indonesia
Deutsche
Securities
Indonesia
Macquarie Capital

5.

RX

Securities
Indonesia

6.

CC

7.

ZP

8.

KZ

9.

MS

10.

YP

11.

DX

Mandiri Sekuritas
Maybank Kim Eng
Securities
CLSA Indonesia
Morgan Stanley
Asia Indonesia
Daewoo Securities
Indonesia
Bahana Securities
Citigroup

12.

CG

Securities
Indonesia
JP Morgan

13.

BK

Securities
Indonesia

14.

OD

15.

DR

Danareksa
Sekuritas
RHB OSK
Securities
Indonesia
Indo Premier

16.

PD

17.

KI

18.

CP

19.

ML

20.

EP

MNC Securities

55,494

49,348

1.62

1,843

13,073

7,764

411

21.

NI

BNI Securities

49,733

48,407

1.59

2,044

9,564

10,959

692

Securities
Ciptadana
Securities
Valbury Asia
Securities
Merrill Lynch
Indonesia

78
Universitas Sumatera Utara

22.

FG

23.

GR

24.

DH

25.

AI

26.

LS

27.

KK

28.

KS

29.

LG

30.

YJ

31.

RF

32.

BW

Nomura Indonesia
Panin Sekuritas
Tbk.
Sinarmas Sekuritas
UOB Kay Hian
Securities
Reliance Securities
Tbk.
Phillip Securities
Indonesia
Kresna Graha
Sekurindo Tbk.
Trimegah
Securities Tbk.
Lautandhana
Securindo
Buana Capital

16,501

43,027

1.41

1,249

4,309

10,304

691

45,123

42,224

1.39

1,099

6,864

9,084

306

68,464

38,817

1.28

874

16,400

9,795

325

39,349

38,007

1.25

1,250

6,789

7,874

352

58,976

33,622

1.10

1,246

8,946

6,824

327

39,476

33,078

1.09

1,874

8,260

9,142

541

40,991

27,857

0.92

759

13,796

7,089

227

29,278

27,581

0.91

774

11,860

15,312

274

46,701

26,962

0.89

976

10,869

7,162

351

15,346

26,799

0.88

260

4,114

4,919

85

10,423

24,723

0.81

326

2,557

4,881

115

37,657

24,307

0.80

835

8,440

6,262

297

22,102

22,946

0.75

478

5,626

5,510

139

33,904

21,930

0.72

130

11,728

5,653

31

29,749

21,175

0.70

747

5,245

5,946

212

30,626

20,825

0.68

787

6,713

6,564

232

20,311

19,747

0.65

327

2,890

4,717

124

36,902

19,114

0.63

736

5,524

4,185

215

18,645

17,751

0.58

457

4,187

4,761

178

30,407

17,468

0.57

193

6,257

3,516

38

29,428

17,158

0.56

726

7,232

6,065

351

9,923

16,735

0.55

270

1,313

2,839

70

18,860

16,020

0.53

575

4,628

3,932

216

25,614

15,383

0.51

604

5,677

4,362

205

22,098

15,078

0.50

754

5,817

4,076

249

11,803

14,941

0.49

461

1,720

1,484

141

19,032

13,580

0.45

401

3,986

3,543

141

BNP Paribas
Securities
Indonesia
33.

YB

34.

CD

35.

MU

36.

FS

37.

XA

Jasa Utama Capital
Mega Capital
Indonesia
Minna Padi
Investama
AmCapital
Indonesia
Woori Korindo
Securities
Indonesia

38.

IF

39.

FZ

40.

HD

Samuel Sekuritas
Indonesia
Waterfront
Securities Ind.
HD Capital Tbk.
Millenium

41.

SM

Danatama
Sekuritas

42.

AZ

Sucorinvest
Central Gani
Batavia

43.

BZ

Prosperindo
Sekuritas

44.

XL

45.

MG

46.

AO

47.

PS

48.

PO

Mahakarya Artha
Securities
Semesta Indovest
Erdikha Elit
Sekuritas
Paramitra Alfa
Sekuritas
Pilarmas

79
Universitas Sumatera Utara

Investindo
49.

AG

50.

PC

Kiwoom Securities
Indonesia

15,024

12,690

0.42

474

4,554

4,845

182

0.42

23,916

12,688

805

5,776

3,122

258

Total 50 Stocks

2,222,831

2,754,228

64,861

471,016

635,782

22,230

% of Total

82.78

90.47

86.48

83.00

89.03

86.90

Market Total

2,685,315

3,044,245

74,999

567,491

714,143

25,583

First Asia Capital

80
Universitas Sumatera Utara

FACTBOOK 2015
50 MOST ACTIVE IDX MEMBERS IN TOTAL TRADING VALUE
No.

Code

1.

CS

2.

YU

3.

AK

4.
5.

KZ
CC

6.

DB

7.

ZP

8.

MS

9.

RX

10.
11.

ML
DX

12.

CG

13.

YP

14.

BK

15.

DR

16.
17.

EP
OD

18.

LG

19.
20.
21.
22.
23.
24.

PD
KI
CP
NI
DH
FG

25.

AI

26.

GR

27.

KK

28.

SQ

29.

SM

30.

LS

31.

AZ

Brokerage Name
Credit Suisse Securities
Indonesia
CIMB Securities
Indonesia
UBS Securities
Indonesia
CLSA Indonesia
Mandiri Sekuritas
Deutsche Securities
Indonesia
Maybank Kim Eng
Securities
Morgan Stanley Asia
Indonesia
Macquarie Capital
Securities Indonesia
Merrill Lynch Indonesia
Bahana Securities
Citigroup Securities
Indonesia
Daewoo Securities
Indonesia
JP Morgan Securities
Indonesia
RHB OSK Securities
Indonesia
MNC Securities
Danareksa Sekuritas
Trimegah Securities
Tbk.
Indo Premier Securities
Ciptadana Securities
Valbury Asia Securities
BNI Securities
Sinarmas Sekuritas
Nomura Indonesia
UOB Kay Hian
Securities
Panin Sekuritas Tbk.
Phillip Securities
Indonesia
BCA Sekuritas
Millenium Danatama
Sekuritas
Reliance Securities Tbk.
Sucorinvest Central
Gani

Volume,
mn sh.

Value,
IDR bn

%

Freq.,
th
times

Volume,
mn sh.

Value,
IDR bn

Freq.,
th
times

60,594

146,274

5.03

3,966

26,106

75,807

2,568

111,692

139,904

4.81

3,881

70,154

78,331

2,086

55,859

131,228

4.51

3,028

28,655

80,084

1,988

52,699
104,611

129,719
128,988

4.46
4.44

2,332
4,459

19,468
62,210

52,717
64,393

1,163
2,473

43,460

119,178

4.10

4,588

29,589

76,708

2,961

51,239

114,040

3.92

2,292

25,970

50,076

1,400

32,718

108,621

3.74

2,046

20,024

81,606

1,263

35,044

106,299

3.66

1,783

17,181

55,249

952

26,305
39,410

82,126
76,665

2.83
2.64

4,176
2,295

12,260
20,786

50,120
39,294

1,940
1,401

23,325

74,816

2.57

1,847

15,397

54,968

1,362

99,837

72,541

2.50

7,082

92,419

41,694

3,828

19,762

67,085

2.31

1,568

9,857

33,324

920

66,379

66,420

2.28

2,950

35,497

38,288

1,391

95,971
118,075

66,113
64,702

2.27
2.23

1,959
2,092

32,605
83,767

24,773
35,427

1,381
1,121

59,968

59,241

2.04

1,123

32,484

28,398

789

56,381
55,326
76,108
56,521
90,606
14,534

52,880
50,112
46,057
44,538
44,026
39,664

1.82
1.72
1.58
1.53
1.51
1.36

4,405
1,103
2,772
2,822
1,353
2,737

34,774
26,725
48,866
28,064
52,705
9,508

26,680
25,203
24,910
22,119
46,231
21,999

2,411
524
1,248
1,439
688
1,279

33,841

38,206

1.31

1,580

15,344

16,533

680

30,625

35,522

1.22

1,276

24,979

19,981

731

37,092

30,829

1.06

2,168

22,320

15,060

1,139

8,491

30,431

1.05

72

1,051

2,402

65

63,640

29,018

1.00

236

35,000

14,223

103

40,371

26,051

0.90

1,247

28,187

13,772

562

31,380

25,837

0.89

1,318

21,511

13,584

648

81
Universitas Sumatera Utara

32.

KS

33.

YJ

34.

XA

35.
36.
37.

FS
CD
YB

38.

FZ

39.

IF

40.

RF

41.

BW

42.

EL

43.

AG

44.
45.
46.
47.
48.
49.

AO
MG
BQ
SA
PO
MU

Kresna Graha
Sekurindo Tbk.
Lautandhana Securindo
Woori Korindo
Securities Indonesia
AmCapital Indonesia
Mega Capital Indonesia
Jasa Utama Capital
Waterfront Securities
Indonesia
Samuel Sekuritas
Indonesia
Buana Capital
BNP Paribas Securities
Indonesia
Evergreen Capital
Kiwoom Securities
Indonesia
Erdikha Elit Sekuritas
Semesta Indovest
Danpac Sekuritas
Bosowa Sekuritas
Pilarmas Investindo
Minna Padi Investama

50.

HD

HD Capital Tbk.

45,012

25,053

0.86

893

20,591

14,509

513

47,009

24,718

0.85

1,437

27,994

13,565

799

30,976

24,614

0.85

863

30,018

15,182

320

21,966
22,697
32,667

22,166
20,642
20,561

0.76
0.71
0.71

771
617
1,160

13,511
10,082
25,123

11,086
8,313
11,203

377
290
527

34,132

19,860

0.68

751

13,086

9,280

329

19,741

19,290

0.66

532

15,143

11,239

312

15,967

18,682

0.64

305

4,308

7,517

135

7,598

17,672

0.61

369

2,780

10,713

232

19,793

17,371

0.60

484

9,296

6,484

177

18,951

17,071

0.59

690

14,549

8,066

347

24,856
22,646
21,434
17,557
22,584
33,872

15,711
15,214
14,972
14,400
14,101
13,639

0.54
0.52
0.52
0.50
0.49
0.47

988
778
507
586
546
156

12,717
14,014
9,922
14,978
20,886
21,420

6,987
7,583
6,171
9,107
8,571
4,470

438
382
226
186
157
87

0.46

19,139

13,433

621

11,844

6,019

348

Total 50 Members
% of Total

2,170,458
81.78

2,596,300
89.32

89,610
87.07

1,275,725
82

1,400,015
90

48,685
88

Market Total

2,654,031

2,906,785

102,915

1,549,783

1,556,482

55,095

82
Universitas Sumatera Utara

LAMPIRAN 6
OUTPUT SPSS
Hasil Uji Normalitas

83
Universitas Sumatera Utara

One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N

68

Normal Parameters

a,b

Mean

.0000000

Std. Deviation
Most Extreme Differences

.15445655

Absolute

.104

Positive

.104

Negative

-.086

Test Statistic
.104
Asymp. Sig. (2-tailed)

.067

c

a. Test distribution is Normal.
b. Calculated from data.
c. Lilliefors Significance Correction.

Hasil Uji Multikolinearitas
Coefficients

a

Collinearity Statistics
Model
1

Tolerance

VIF

Reputasi_Underwriter

.909

1.100

Reputasi_Auditor

.996

1.004

EPS

.892

1.121

Umur

.976

1.024

a. Dependent Variable: Initial_Return

Hasil Uji Heteroskedastisitas dengan uji Glejser
Coefficients

a

Standardized

Model
1

(Constant)

Unstandardized Coefficients

Coefficients

B

Beta

Std. Error
.174

.034

Reputasi_Underwriter

-.007

.008

Reputasi_Auditor

-.024

EPS
Umur

t

Sig.
5.110

.000

-.106

-.833

.408

.024

-.119

-.981

.331

-7.299E-5

.000

-.174

-1.364

.178

-.001

.001

-.089

-.732

.467

a. Dependent Variable: abs_residu

84
Universitas Sumatera Utara

Hasil Uji Serempak, Uji Simultan (Uji F)
a

ANOVA
Model
1

Sum of Squares df
Regression

Mean Square

.291

4

.073

Residual

1.598

63

.025

Total

1.890

67

F

Sig.
2.872

.030

b

a. Dependent Variable: Initial_Return
b. Predictors: (Constant), Umur, Reputasi_Underwriter, Reputasi_Auditor, EPS

Hasil Uji Regresi Linear Berganda, Uji Parsial (Uji t)
Coefficients

a

Standardized

Model
1

Unstandardized Coefficients

Coefficients

B

Beta

(Constant)

Std. Error
.339

.060

Reputasi_Underwriter

-.023

.014

Reputasi_Auditor

-.097

EPS
Umur

t

Sig.
5.623

.000

-.203

-1.670

.100

.042

-.264

-2.273

.026

.000

.000

-.135

-1.100

.275

-.001

.002

-.040

-.338

.737

a. Dependent Variable: Initial_Return

Hasil Uji Koefisien Determinasi
b

Model Summary
MMode
l
1

R

R Square
.393

a

Adjusted R

Std. Error of the

Square

Estimate

.154

.101

Durbin-Watson

.159284

1.970

a. Predictors: (Constant), Umur, Reputasi_Underwriter, Reputasi_Auditor, EPS
b. Dependent Variable: Initial_Return

85
Universitas Sumatera Utara