Analisis Pengaruh Stock Split Terhadap Perubahan Harga Saham dan Volume Perdagangan Saham di Bursa Efek Indonesia Periode 2003-2007 - Unika Repository
Perpustakaan Unika
Daftar Pustaka
Brennan, M.J. dan T.E. Copeland, 1998. Stock Split, Stock Prices, and Transaction
Cost. Journal of Financial Economics 22, pp.83-101.
Ewijaya dan Nur Indriantoro. Analisis Pengaruh Pemecahan Saham Terhadap
Perubahan Harga Saham. Jurnal Riset Akuntansi Indonesia. Vol. 2, No. 1,
Hal. 53-65, Januari 1999.
Harsono, Margaretha. 2004. Analisis Pemecahan Saham: Dampaknya Terhadap
Likuiditas Perdagangan dan Pendapatan Saham. BalanceVol. 1, Hal 73-86,
Maret 2004.
Khomsiyah dan Sulistyo, Faktor Tingkat Kemahalan Harga Saham, Kinerja
Keuangan Perusahaan dan Keputusan Pemecahan Saham (Stock Split):
Aplikasi Analisis Diskriminasi. Jurnal Ekonomi dan Bisnis Indonesia, Vol. 16.
No.3, hal. 338-400, September 2001.
Marwata, Kinerja Keuangan, Harga Saham dan Pemecahan Saham. Jurnal Riset
Akuntansi Indonesia, Vol.6, No. 3, hal. 264-275, September 2001
Rohana, Jeannet dan Mukhlasin, Analisis Faktor-Faktor Yang Mempengaruhi Stock
Split dan Dampak Yang Ditimbulkannya.Simposium Nasional Akuntasi VI,
Surabaya 16-17 Oktober 2003.
Setiyanto, Agus, 2006. Analisis Likuiditas Saham Sebelum dan Sesudah Stock Split di
Bursa Efek Jakarta Periode 2003-2005. Universitas Islam Indonesia,
Yogyakarta: 2006.
Sutrisno, Wang, 2000. Pengaruh Stock Split Terhadap Likuiditas dan Return Saham
di Bursa Efek Jakarta. Jurnal Manajemen dan Kewirausahaan, September,
Vol. 2. No.2: 1-13.
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Akuntansi, Keuangan, dan Investasi. Jakarta : Citra Harta Prima. 2000.
43
Perpustakaan Unika
Perpustakaan Unika
DATA PERUSAHAAN YANG MELAKUKAN STOCK SPLIT DI BURSA
EFEK INDONESIA PERIODE 2003-2007
No
Nama Perusahaan
KODE
Tipe Stock Split
Stock Split
Reverse Stock
Stock Split
Penyesuaian
Waran
Reverse Stock
Reverse Stock
Stock Split
1
2
3
Pan Brothers Tbk
Bank Danamon Tbk
Bank NISP Tbk
PBRX
BDMN
NISP
4
Cipta Panelutama Tbk
CITA
5
6
7
SMMA
MTFN
PNIN
8
9
Sinar Mas Multiartha Tbk
Bakrie Finance Corporation
Panin Insurance Tbk
Clipan Finance Indonesia
Tbk
Selamat Sempurna Tbk
10
Panin Life Tbk
PNLF
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Unilever Indonesia Tbk
Asuransi Harta Aman
Pratama Tbk
Suba Indah Tbk
Central Korporindo
Internasionanl Tbk
Pool Advista Indonesia Tbk
Enseval Putera Megatrading
Tbk
Bank Negara Indonesia Tbk
Kalbe Farma Tbk
Dankos Laboratories Tbk
Ekadharma Tape Industries
Tbk
Artha Pacific Securities Tbk
Plastpack Prima Industri Tbk
INDOSAT Tbk
Unit Capital Indonesia Tbk
Karka Yasa Profilia Tbk
UNVR
Stock Split
Stock Split
Stock Split &
Penyesuaian
Waran
Stock Split
AHAP
Stock Split
CFIN
SMSM
Tanggal Stock
Split
10 Januari 2003
22 Januari 2003
10 Februari 2003
21 Februari 2003
4 Maret 2003
6 Maret 2003
3 Juni 2003
2 Juli 2003
8 Juli 2003
28 Juli 2003
3 September 2003
15 September 2003
SUBA &
SUBA-W
Reverse Stock
1 Oktober 2003
CNKO
Reverse Stock
19 November 2003
POOL
Stock Split
EPMT
Stock Split
11 Desember 2003
BBNI
KLBF
DNKS
Reverse Stock
Stock Split
Stock Split
23 Desember 2003
2 Januari 2004
6 Februari 2004
EKAD
Stock Split
10 Februari 2004
APIC
PLAS
ISAT
UNIT
KARK
Stock Split
Reverse Stock
Stock Split
Reverse Stock
Reverse Stock
13 Februari 2004
18 Maret 2004
18 Maret 2004
29 April 2004
Perpustakaan Unika
37
Jakarta International Hotel
dan Development Tbk
Bank Niaga Tbk
Bank Permata Tbk
Bank Central Asia Tbk
International Nickel
Indonesia Tbk
Rig Tenders Indonesia Tbk
Sari Husada Tbk, PT
Telekomunikasi Indonesia
Tbk
Sierad Produce Tbk
Ramayana Lestari Sentosa
Tbk
Bakrie Sumatera Plantations
Tbk
Berlian Laju Tanker Tbk
38
39
Berlian Laju Tanker Tbk
Davomas Abadi Tbk
40
Bank Central Asia Tbk
41
Kresna Graha sekurindo Tbk
Inti Indah Karya Plasindo
Tbk
Lippo E-Net Tbk
Lippo E-Net Tbk
Bakrie & Brothers Tbk, PT
Eatertainment International
Tbk
Bakrie & Brothers Tbk, PT
Lippo E-Net Tbk
Artha Pacific Internasional
Tbk
United Capital Indonesia
Tbk, PT
Sinar Mas Agro Resources
and technology Tbk, PT
Indoexchange Tbk, PT
26
27
28
29
30
31
32
33
34
35
36
42
43
44
45
46
47
48
49
50
51
52
JIHD
Stock Split
12 Mei 2004
BNGA
BNLI
BBCA
Reverse Stock
Reverse Stock
Stock Split
21 Mei 2004
8 Juni 2004
8 Juni 2004
INCO
Stock Split
3 Agustus 2004
RIGS
SHDA
Stock Split
Stock Split
18 Agustus 2004
1 September 2004
TLKM
Stock Split
28 September 2004
SIPD
Reverse Stock
15 Oktober 2004
RALS
Stock Split
22 Oktober 2004
UNSP
Stock Split
3 November 2004
Stock Split
Penyesuaian
BLTA-W Waran
Stock Split
DAVO
Penyesuaian
BCIC
Waran
Penyesuaian
KREN-W Waran
IIKPIIKP-W Reverse Stock
Reverse Stock
LPLI
Reverse Stock
LPLI
Reverse Stock
BNBR
BLTA
9 November 2004
9 November 2004
17 Desember 2004
5 Januari 2005
19 Januari 2005
27 Januari 2005
17 Februari 2005
22 Februari 2005
Stock Split
Reverse Stock
Reverse Stock
8 Maret 2005
14 Maret 2005
28 Maret 2005
Reverse Stock
18 April 2005
Reverse Stock
30 Mei 2005
SMAR
Stock Split
20 Juni 2005
INDX
Reverse Stock
29 Juni 2005
SMMT
BNBR
LPLI
APIC &
APICW
UNIT &
UNITW
Perpustakaan Unika
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
Ciputra Surya Tbk, PT
Indoexchange Tbk, PT
Tigaraksa Satria Tbk, PT
Hexindo Adiperkasa Tbk, PT
Prima Alloy Steel Universal
Tbk, PT
Humpuss Intermoda
Transportasi Tbk, PT
Pelayaran tempuran Emas
Tbk, PT
Duta Pertiwi Nusantara Tbk,
PT
Pembangunan Jaya Ancol
Tbk, PT
Jaka Inti Reatindo Tbk, PT
Lippo Karawaci Tbk, PT
Bukit Sentul Tbk, PT
Jaya Real Property Tbk, PT
Tempo Scan Pacific Tbk, PT
PT. Global Mediacom Tbk
PT. Davomas Abadi Tbk.
PT. Jaya Pari Steel Tbk
PT. Akr Corporindo Tbk
PT. Antam Tbk.
PT. Sorini Agro Asia
Corporindo Tbk.
PT. Hortus Danavest Tbk.
PT. Humpuss Intermoda
Transportasi Tbk.
CTRS
INDX
TGKA
HEXA
Stock Split
Reverse Stock
Stock Split
Stock Split
PRAS
Stock Split
20 September 2005
HITS
Stock Split
15 Desember 2005
TMAS
Stock Split
17 Maret 2006
DPNS
PJAA
JAKA
LPKR
BKSL
JRPT
TSPC
BMTR
DAVO
JPRS
AKRA
ANTM
SOBI
HADE
HITS
Stock Split
Stock Split
Reverse Stock
Stock Split
Reverse Stock
Stock Split
Stock Split
Stock Split
Stock Split
Stock Split
Stock Split
Stock Split
25 Juli 2005
25 Agustus 2005
30 Agustus 2005
1 September 2005
8 Juni 2006
10 Juli 2006
19 Juli 2006
28 Juli 2006
1 Agustus 2006
14 Agustus 2006
14 September 2006
24 April 2007
28 Mei 2007
12 Desember 2007
27 Juli 2007
12 Juli 2007
Stock Split
22 Agustus 2007
Stock Split
10 September 2007
Stock Split
11 September 2007
Perpustakaan Unika
DATA PENELITIAN
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Kode Saham
Hari kePBRX
NISP
PNIN
CFIN
SMSM
PNLF
UNVR
AHAP
POOL
EPMT
KLBF
DNKS
EKAD
APIC
ISAT
JIHD
BBCA
INCO
RIGS
SHDA
TLKM
-6
2000
425
280
200
1725
425
27500
5050
11000
1650
1050
1500
1200
1725
18000
575
3700
34800
9900
21000
8150
-5
2000
350
300
205
1725
415
27400
4650
10960
1850
1025
1450
1200
1725
17400
575
3675
34350
9900
21000
8450
-4
2000
400
300
205
1700
420
27650
4300
11060
1900
1025
1475
1275
1725
17000
525
3675
34200
9900
21000
8450
-3
2000
415
300
215
1700
420
27800
4200
11120
1825
1000
1450
1300
1725
16650
525
3575
34400
9900
21000
8300
HARGA SAHAM
-2
-1
0
1775
1825
365
415
380
200
295
305
165
215
210
105
1700
1750
325
415
435
110
29750
30250
3375
4375
4000
390
11900
12100
1350
1850
1900
390
1000
1000
500
1475
1475
750
1275
1250
250
1725
1725
170
16750
17450
3500
500
500
255
3450
3500
1775
34550
34300
8750
9900
9900
1000
21000
21000
2125
8350
8350
4125
1
365
210
165
110
335
105
3425
415
1370
385
550
750
225
175
3800
250
1800
8750
1000
2125
4125
2
365
215
165
105
335
105
3450
415
1380
400
500
750
245
170
3825
240
1800
8700
1000
2125
4150
3
365
220
165
115
335
115
3400
330
1360
400
525
750
245
160
3750
205
1800
8600
900
2075
4200
4
350
225
175
110
325
115
3325
350
1330
400
550
750
245
170
3725
215
1775
8400
900
2100
4350
5
350
225
165
130
325
115
3200
380
1280
395
600
725
220
140
3675
220
1825
8050
900
2000
4400
Perpustakaan Unika
22
23
24
25
26
27
28
29
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
RALS
UNSP
BLTA
DAVO
SMMT
SMAR
CTRS
TGKA
PRAS
HITS
TMAS
DPNS
PJAA
LPKR
JRPT
TSPC
BMTR
DAVO
ANTM
AKRA
SOBI
HADE
HITS
JPRS
4375
2903
27301
7767
16475
3900
1320
3000
800
2750
1590
1000
1740
1710
3300
6250
4975
600
12600
4950
3500
800
1590
1900
4350
2883
26948
7767
16475
3900
1330
3000
800
2800
1600
1000
1780
1710
3300
6250
5200
580
12900
5075
3250
800
1590
1900
4350
2883
26830
7767
16475
3900
1330
3000
800
2800
1730
1000
1860
1710
3300
6250
5250
580
13600
5200
3100
800
1590
1940
4325
2805
26987
7767
16475
3900
1300
3000
870
2800
1800
1080
2040
1710
3225
6450
5150
580
13700
5300
3250
800
1590
2000
4275
2707
27104
7767
16475
3900
1320
3000
840
2800
1750
1040
2025
1740
2950
6500
5150
600
13250
5300
3600
800
1590
2075
4150
2746
26908
7767
16475
3900
1320
3000
860
2800
1840
980
1900
1800
2900
6550
5250
610
13250
5500
3600
800
1590
1950
875
1392
6864
785
1667
880
650
300
175
560
910
500
960
900
580
6500
1190
290
2650
1120
3800
375
800
420
875
1412
6864
785
1667
860
680
300
175
560
900
420
960
900
580
6600
1120
280
2650
1090
3600
400
800
400
850
1412
6825
785
1667
930
670
300
175
560
900
420
970
900
580
6750
1130
280
2600
1100
730
400
800
400
850
1412
6747
706
1628
1050
670
300
175
560
910
405
970
900
580
6650
1190
280
2600
1080
730
400
830
390
850
1392
6590
706
1647
1050
650
300
150
560
930
405
930
890
580
6650
1200
290
2575
1090
730
370
850
380
850
1432
6315
706
1569
1070
650
300
150
570
910
405
910
900
580
6550
1180
285
2700
1110
730
370
880
370
Perpustakaan Unika
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Kode
Saham
Hari kePBRX
NISP
PNIN
CFIN
SMSM
PNLF
UNVR
AHAP
POOL
EPMT
KLBF
DNKS
EKAD
APIC
ISAT
JIHD
BBCA
INCO
RIGS
SHDA
TLKM
Rit
-5
0.0000
-0.1765
0.0714
0.0250
0.0000
-0.0235
-0.0036
-0.0792
-0.0036
0.1212
-0.0238
-0.0333
0.0000
0.0000
-0.0333
0.0000
-0.0068
-0.0129
0.0000
0.0000
0.0368
-4
0.0000
0.1429
0.0000
0.0000
-0.0145
0.0120
0.0091
-0.0753
0.0091
0.0270
0.0000
0.0172
0.0625
0.0000
-0.0230
-0.0870
0.0000
-0.0044
0.0000
0.0000
0.0000
-3
0.0000
0.0375
0.0000
0.0488
0.0000
0.0000
0.0054
-0.0233
0.0054
-0.0395
-0.0244
-0.0169
0.0196
0.0000
-0.0206
0.0000
-0.0272
0.0058
0.0000
0.0000
-0.0178
-2
-0.1125
0.0000
-0.0167
0.0000
0.0000
-0.0119
0.0701
0.0417
0.0701
0.0137
0.0000
0.0172
-0.0192
0.0000
0.0060
-0.0476
-0.0350
0.0044
0.0000
0.0000
0.0060
-1
0.0282
-0.0843
0.0339
-0.0233
0.0294
0.0482
0.0168
-0.0857
0.0168
0.0270
0.0000
0.0000
-0.0196
0.0000
0.0418
0.0000
0.0145
-0.0072
0.0000
0.0000
0.0000
0
-0.8000
-0.4737
-0.4590
-0.5000
-0.8143
-0.7471
-0.8884
-0.9025
-0.8884
-0.7947
-0.5000
-0.4915
-0.8000
-0.9014
-0.7994
-0.4900
-0.4929
-0.7449
-0.8990
-0.8988
-0.5060
1
0.0000
0.0500
0.0000
0.0476
0.0308
-0.0455
0.0148
0.0641
0.0148
-0.0128
0.1000
0.0000
-0.1000
0.0294
0.0857
-0.0196
0.0141
0.0000
0.0000
0.0000
0.0000
2
0.0000
0.0238
0.0000
-0.0455
0.0000
0.0000
0.0073
0.0000
0.0073
0.0390
-0.0909
0.0000
0.0889
-0.0286
0.0066
-0.0400
0.0000
-0.0057
0.0000
0.0000
0.0061
3
0.0000
0.0233
0.0000
0.0952
0.0000
0.0952
-0.0145
-0.2048
-0.0145
0.0000
0.0500
0.0000
0.0000
-0.0588
-0.0196
-0.1458
0.0000
-0.0115
-0.1000
-0.0235
0.0120
4
-0.0411
0.0227
0.0606
-0.0435
-0.0299
0.0000
-0.0221
0.0606
-0.0221
0.0000
0.0476
0.0000
0.0000
0.0625
-0.0067
0.0488
-0.0139
-0.0233
0.0000
0.0120
0.0357
5
0.0000
0.0000
-0.0571
0.1818
0.0000
0.0000
-0.0376
0.0857
-0.0376
-0.0125
0.0909
-0.0333
-0.1020
-0.1765
-0.0134
0.0233
0.0282
-0.0417
0.0000
-0.0476
0.0115
Perpustakaan Unika
22
23
24
25
26
27
28
29
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
RALS
UNSP
BLTA
DAVO
SMMT
SMAR
CTRS
TGKA
PRAS
HITS
TMAS
DPNS
PJAA
LPKR
JRPT
TSPC
BMTR
DAVO
ANTM
AKRA
SOBI
HADE
HITS
JPRS
-0.0057
-0.0069
-0.0129
0.0000
0.0000
0.0000
0.0076
0.0000
0.0000
0.0182
0.0063
0.0000
0.0230
0.0000
0.0000
0.0000
0.0452
-0.0333
0.0238
0.0253
-0.0714
0.0000
0.0000
0.0000
0.0000
0.0000
-0.0044
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0813
0.0000
0.0449
0.0000
0.0000
0.0000
0.0096
0.0000
0.0543
0.0246
-0.0462
0.0000
0.0000
0.0211
-0.0057
-0.0271
0.0059
0.0000
0.0000
0.0000
-0.0226
0.0000
0.0875
0.0000
0.0405
0.0800
0.0968
0.0000
-0.0227
0.0320
-0.0190
0.0000
0.0074
0.0192
0.0484
0.0000
0.0000
0.0309
-0.0116
-0.0349
0.0043
0.0000
0.0000
0.0000
0.0154
0.0000
-0.0345
0.0000
-0.0278
-0.0370
-0.0074
0.0175
-0.0853
0.0078
0.0000
0.0345
-0.0328
0.0000
0.1077
0.0000
0.0000
0.0375
-0.0292
0.0144
-0.0072
0.0000
0.0000
0.0000
0.0000
0.0000
0.0238
0.0000
0.0514
-0.0577
-0.0617
0.0345
-0.0169
0.0077
0.0194
0.0167
0.0000
0.0377
0.0000
0.0000
0.0000
-0.0602
-0.7892
-0.4931
-0.7449
-0.8989
-0.8988
-0.7744
-0.5076
-0.9000
-0.7965
-0.8000
-0.5054
-0.4898
-0.4947
-0.5000
-0.8000
-0.0076
-0.7733
-0.5246
-0.8000
-0.7964
0.0556
-0.5313
-0.4969
-0.7846
0.0000
0.0144
0.0000
0.0000
0.0000
-0.0227
0.0462
0.0000
0.0000
0.0000
-0.0110
-0.1600
0.0000
0.0000
0.0000
0.0154
-0.0588
-0.0345
0.0000
-0.0268
-0.0526
0.0667
0.0000
-0.0476
-0.0286
0.0000
-0.0057
0.0000
0.0000
0.0814
-0.0147
0.0000
0.0000
0.0000
0.0000
0.0000
0.0104
0.0000
0.0000
0.0227
0.0089
0.0000
-0.0189
0.0092
-0.7972
0.0000
0.0000
0.0000
0.0000
0.0000
-0.0114
-0.1006
-0.0234
0.1290
0.0000
0.0000
0.0000
0.0000
0.0111
-0.0357
0.0000
0.0000
0.0000
-0.0148
0.0531
0.0000
0.0000
-0.0182
0.0000
0.0000
0.0375
-0.0250
0.0000
-0.0142
-0.0233
0.0000
0.0117
0.0000
-0.0299
0.0000
-0.1429
0.0000
0.0220
0.0000
-0.0412
-0.0111
0.0000
0.0000
0.0084
0.0357
-0.0096
0.0093
0.0000
-0.0750
0.0241
-0.0256
0.0000
0.0287
-0.0417
0.0000
-0.0474
0.0190
0.0000
0.0000
0.0000
0.0179
-0.0215
0.0000
-0.0215
0.0112
0.0000
-0.0150
-0.0167
-0.0172
0.0485
0.0183
0.0000
0.0000
0.0353
-0.0263
Perpustakaan Unika
No. Kode Saham
Hari ke-5
-4
1 PBRX
0
0
2 NISP
5000 756500
3 PNIN
8590500 7378500
4 CFIN
2601000 5116000
5 SMSM
0 400500
6 PNLF
129000
60500
7 UNVR
48000 161500
8 AHAP
817500 629500
9 POOL
19200
64600
10 EPMT
7887000 2082500
11 KLBF
5481500 2063500
12 DNKS
4367000 2050000
13 EKAD
23500 173500
14 APIC
5000
5000
15 ISAT
1059000 3759000
16 JIHD
2572500 3206500
17 BBCA
676000 4206500
18 INCO
226000 120500
19 RIGS
0
500
20 SHDA
0
0
21 TLKM
41431000 9350500
22 RALS
846500
917500
23 UNSP
530322 3299999
24 BLTA
177297 94532.25
25 DAVO
0
392.25
-3
0
523000
2671500
8871000
104000
139500
157500
80500
63000
1920000
2018000
570500
152500
0
1402500
4920000
24065000
45000
0
0
13298000
929000
18878993
35302.5
0
-2
500
0
2953500
6385000
17000
87000
533000
152500
213200
1067000
6507000
86000
225500
0
2523500
4569000
44204500
484000
0
52000
4144000
685000
34678430
379698
0
Volume Perdagangan
-1
0
1
1000
0
0
65500
110000 315000
6913500 10934000 3286500
8161000
1508500 2433500
497500
1970500 2172500
280000
3314500 263500
379000
8632500 16570000
2003000 13836000 5399500
151600
3453000 6628000
4114500 26832000 5302500
2302000
940000 17403000
552500
455000 1325000
10000
0
7500
5000 60992000 36666000
2985500
7410000 29770000
1822000
8082500 3426000
15286500 24957500 14714500
429000
902000 1101000
7500
0
0
500
11000
0
11241000 18019000 5874000
1690500
2344000 1730500
11992259 19579159 11543525
336550.5
707619 863734.5
5883.75
0
0
2
0
44500
9667500
1847000
1923000
130500
4811000
4194000
1924400
17959000
26737500
781500
25500
39508500
15455000
6824000
8279500
819500
0
0
8585500
2565000
6495268
642897.8
0
3
0
1240000
4246500
5472000
216500
2592000
3601500
20850000
1440600
8582000
2136000
2457000
0
99051000
6001500
8744000
6791500
1305500
30000
5000
21677500
205500
5327932
1024165
23535
4
5
50000
0
20000
0
5878000
2453500
8052000 59024000
162500
1665000
3761000
855500
2815000
2838000
10113000 12917000
1126000
1135200
5982000
6250500
26092000 23885500
2670500
745000
0
1500
55623500 122363500
6963500
2762500
14472500
6585000
7927000 14881000
161500
1121000
20000
0
7500
41500
150 24965500
4061500
3516500
6218732 11674145
126696.8
879424.5
15690
0
Perpustakaan Unika
26 SMMT
27 SMAR
28 CTRS
29 TGKA
31 PRAS
32 HITS
33 TMAS
34 DPNS
35 PJAA
36 LPKR
37 JRPT
38 TSPC
39 BMTR
40 DAVO
41 ANTM
42 AKRA
43 SOBI
44 HADE
45 HITS
46 JPRS
0
0
3937000
0
0
15000
565000
0
318000
5830000
0
193000
6157500
186000
15189000
2428000
0
0
0
43000
0
3000
1980000
500
2500
0
4624500
45000
1037000
4373500
13000
213000
3947000
233500
27898500
1591000
0
0
0
419000
0
0
1507000
0
204500
2500
2549000
377000
7348000
10622000
82000
474500
2324000
1495500
35677500
2061500
0
0
0
555500
40794
0
6791500
0
34000
2500
1417500
102000
4962500
9610000
214500
977500
1937500
15655000
14748500
2948000
1195500
0
0
808000
392.25
8629.5
0
0
3922.5 5883.75
1000
7500
33500 2485000
981500 124500
1436000
4460500 18821500 68227500 24205000 21369000
0
0
0
0
0
0
1500
0
0
0
0
10000
0
0
0
0
0
0
5092000
1843000 949000 1587000
2644500 1329500
2500
15500
4000
0
3000 150000
2231500
1898500 440000 1032500
888500 1822500
17586500 15340500 14706000 13591000 18578500 12640000
47500
55000
0
0
0
0
120500
108500 239000 503000
113500 115000
2456000 144587000 84409500 25908000 118187000 61850000
8297500
2887000 1553000 509500
285000 683500
22599500 92598500 27336500 8288500 15128000 20367500
2449000
3525000 7182000 11596000 10382500 7710500
102500
1050500 300000 1090000
3318000 5040000
25000
500
35000
0
0
20000
0
0
0
0
24000
11000
794500 16879500 5196500 4276500
922500 2135500
32556.75
964000
16731500
0
0
23500
863000
0
522000
15599000
833000
138500
33816500
2192500
39736000
8979000
1278500
0
30500
1266500
Perpustakaan Unika
RATA-RATA RETURN SAHAM DAN VOLUME PERDAGANGAN
Rit
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Kode
Saham
PBRX
NISP
PNIN
CFIN
SMSM
PNLF
UNVR
AHAP
POOL
EPMT
KLBF
DNKS
EKAD
APIC
ISAT
JIHD
BBCA
INCO
RIGS
SHDA
TLKM
RALS
UNSP
BLTA
DAVO
SMMT
SMAR
CTRS
TGKA
Volume Perdagangan
Sebelum
Sesudah
Sebelum
Sesudah
-0.016866
-0.016090
0.017732
0.010105
0.002984
0.004961
0.019573
-0.044356
0.019573
0.029898
-0.009640
-0.003160
0.008654
0.000000
-0.005823
-0.026915
-0.010888
-0.002865
0.000000
0.000000
0.005016
-0.010452
-0.010895
-0.002871
0.000000
0.000000
0.000000
0.000081
0.000000
-0.008219
0.023959
0.000693
0.047149
0.000184
0.009957
-0.010406
0.001121
-0.010406
0.002728
0.039524
-0.006667
-0.022630
-0.034391
0.010519
-0.026681
0.005673
-0.016426
-0.020000
-0.011820
0.013063
-0.005714
0.005788
-0.016422
-0.020127
-0.011817
0.041350
0.000319
0.000000
300
10000
270000
323900
5701500
5106400
6226800
15365700
203800
1227900
139200
1520500
255800
6127100
736600
10694700
102320
2450840
3414200
8815200
3674400
19250800
1525200
1595800
117000
6900
3000
70642500
2345900
12190500
3418000
8010300
17687700
10518700
260900
901700
1600
10000
10500
10800
15892900
12220530
1013700
2415800
13876000.65 8251920.15
204676.05 707383.65
1255.2
7845
8237.25
8472.6
800
917700
3130300
29870900
100
0
Perpustakaan Unika
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
HEXA
PRAS
HITS
TMAS
DPNS
PJAA
LPKR
JRPT
TSPC
BMTR
DAVO
ANTM
AKRA
SOBI
HADE
HITS
JPRS
0.009205
0.015365
0.003636
0.030331
-0.002946
0.019125
0.010405
-0.024990
0.009489
0.011042
0.003563
0.010516
0.021370
0.007699
0.000000
0.000000
0.005848
0.008280
-0.028571
0.003571
0.000119
-0.039143
-0.010465
0.000025
0.000000
0.001652
-0.001012
-0.003202
0.004012
-0.001637
-0.169971
-0.001667
0.019378
-0.024915
180300
48500
4000
2849600
105300
3179400
9604400
71400
395700
3364400
5173500
23222600
2295500
259600
5000
0
524000
794000
2000
4700
1474600
31400
941100
15022900
166600
221800
64834200
1044700
22171300
9170000
2205300
11000
13100
2759500
Perpustakaan Unika
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
Return_Sebelum
46
-,04
,03
,0019
,01416
Return_Sesudah
46
-,17
,05
-,0057
,03050
Vol_Perdagangan_Sebelu
m
46
,00
23222600.00
2858823.6772
5171178.17984
Volume_Perdagangan_Se
sudah
46
,00
70642500.00
7609760.6826
14655086.41914
Valid N (listwise)
46
Perpustakaan Unika
T-Test Return Saham
Paired Samples Statistics
Mean
Pair 1
N
Std. Deviation
Std. Error
Mean
Return_Sebelum
,0019
46
,01416
,00209
Return_Sesudah
-,0057
46
,03050
,00450
Paired Samples Correlations
N
Pair 1
Return_Sebelum &
Return_Sesudah
Correlation
46
-,065
Sig.
,666
Paired Samples Test
Paired Differences
Mean
Pair
1
Return_Sebelum Return_Sesudah
,00762
Std. Deviation
Std. Error
Mean
,03446
,00508
95% Confidence
Interval of the
Difference
Lower
Upper
-,00261
,01786
t
-2,005
df
Sig. (2-tailed)
45
,048
Perpustakaan Unika
T-Test Volume Perdagangan Saham
Paired Samples Statistics
Mean
Pair 1
N
Std. Deviation
Std. Error
Mean
Vol_Perdagangan_Sebelu
m
2858823.6
772
46
5171178.17984
762448.62646
Volume_Perdagangan_Se
sudah
7609760.6
826
46
14655086.41914
2160774.60926
Paired Samples Correlations
N
Pair 1
Vol_Perdagangan_Sebelu
m&
Volume_Perdagangan_Ses
udah
Correlation
46
Sig.
,234
,118
Paired Samples Test
Paired Differences
Mean
Pair
1
Vol_Perdagangan_
Sebelum - Volume_
Perdagangan_Sesudah
Std. Deviation
-4750937 14354180,75
Std. Error
Mean
2116408
95% Confidence
Interval of the
Difference
Lower
Upper
-9013603
-488271
t
-2,245
df
Sig. (2-tailed)
45
,030
Daftar Pustaka
Brennan, M.J. dan T.E. Copeland, 1998. Stock Split, Stock Prices, and Transaction
Cost. Journal of Financial Economics 22, pp.83-101.
Ewijaya dan Nur Indriantoro. Analisis Pengaruh Pemecahan Saham Terhadap
Perubahan Harga Saham. Jurnal Riset Akuntansi Indonesia. Vol. 2, No. 1,
Hal. 53-65, Januari 1999.
Harsono, Margaretha. 2004. Analisis Pemecahan Saham: Dampaknya Terhadap
Likuiditas Perdagangan dan Pendapatan Saham. BalanceVol. 1, Hal 73-86,
Maret 2004.
Khomsiyah dan Sulistyo, Faktor Tingkat Kemahalan Harga Saham, Kinerja
Keuangan Perusahaan dan Keputusan Pemecahan Saham (Stock Split):
Aplikasi Analisis Diskriminasi. Jurnal Ekonomi dan Bisnis Indonesia, Vol. 16.
No.3, hal. 338-400, September 2001.
Marwata, Kinerja Keuangan, Harga Saham dan Pemecahan Saham. Jurnal Riset
Akuntansi Indonesia, Vol.6, No. 3, hal. 264-275, September 2001
Rohana, Jeannet dan Mukhlasin, Analisis Faktor-Faktor Yang Mempengaruhi Stock
Split dan Dampak Yang Ditimbulkannya.Simposium Nasional Akuntasi VI,
Surabaya 16-17 Oktober 2003.
Setiyanto, Agus, 2006. Analisis Likuiditas Saham Sebelum dan Sesudah Stock Split di
Bursa Efek Jakarta Periode 2003-2005. Universitas Islam Indonesia,
Yogyakarta: 2006.
Sutrisno, Wang, 2000. Pengaruh Stock Split Terhadap Likuiditas dan Return Saham
di Bursa Efek Jakarta. Jurnal Manajemen dan Kewirausahaan, September,
Vol. 2. No.2: 1-13.
Syahrul, Nizar, M.A. dan Ardyos. Kamus Lengkap Ekonomi : Istilah –Istilah
Akuntansi, Keuangan, dan Investasi. Jakarta : Citra Harta Prima. 2000.
43
Perpustakaan Unika
Perpustakaan Unika
DATA PERUSAHAAN YANG MELAKUKAN STOCK SPLIT DI BURSA
EFEK INDONESIA PERIODE 2003-2007
No
Nama Perusahaan
KODE
Tipe Stock Split
Stock Split
Reverse Stock
Stock Split
Penyesuaian
Waran
Reverse Stock
Reverse Stock
Stock Split
1
2
3
Pan Brothers Tbk
Bank Danamon Tbk
Bank NISP Tbk
PBRX
BDMN
NISP
4
Cipta Panelutama Tbk
CITA
5
6
7
SMMA
MTFN
PNIN
8
9
Sinar Mas Multiartha Tbk
Bakrie Finance Corporation
Panin Insurance Tbk
Clipan Finance Indonesia
Tbk
Selamat Sempurna Tbk
10
Panin Life Tbk
PNLF
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Unilever Indonesia Tbk
Asuransi Harta Aman
Pratama Tbk
Suba Indah Tbk
Central Korporindo
Internasionanl Tbk
Pool Advista Indonesia Tbk
Enseval Putera Megatrading
Tbk
Bank Negara Indonesia Tbk
Kalbe Farma Tbk
Dankos Laboratories Tbk
Ekadharma Tape Industries
Tbk
Artha Pacific Securities Tbk
Plastpack Prima Industri Tbk
INDOSAT Tbk
Unit Capital Indonesia Tbk
Karka Yasa Profilia Tbk
UNVR
Stock Split
Stock Split
Stock Split &
Penyesuaian
Waran
Stock Split
AHAP
Stock Split
CFIN
SMSM
Tanggal Stock
Split
10 Januari 2003
22 Januari 2003
10 Februari 2003
21 Februari 2003
4 Maret 2003
6 Maret 2003
3 Juni 2003
2 Juli 2003
8 Juli 2003
28 Juli 2003
3 September 2003
15 September 2003
SUBA &
SUBA-W
Reverse Stock
1 Oktober 2003
CNKO
Reverse Stock
19 November 2003
POOL
Stock Split
EPMT
Stock Split
11 Desember 2003
BBNI
KLBF
DNKS
Reverse Stock
Stock Split
Stock Split
23 Desember 2003
2 Januari 2004
6 Februari 2004
EKAD
Stock Split
10 Februari 2004
APIC
PLAS
ISAT
UNIT
KARK
Stock Split
Reverse Stock
Stock Split
Reverse Stock
Reverse Stock
13 Februari 2004
18 Maret 2004
18 Maret 2004
29 April 2004
Perpustakaan Unika
37
Jakarta International Hotel
dan Development Tbk
Bank Niaga Tbk
Bank Permata Tbk
Bank Central Asia Tbk
International Nickel
Indonesia Tbk
Rig Tenders Indonesia Tbk
Sari Husada Tbk, PT
Telekomunikasi Indonesia
Tbk
Sierad Produce Tbk
Ramayana Lestari Sentosa
Tbk
Bakrie Sumatera Plantations
Tbk
Berlian Laju Tanker Tbk
38
39
Berlian Laju Tanker Tbk
Davomas Abadi Tbk
40
Bank Central Asia Tbk
41
Kresna Graha sekurindo Tbk
Inti Indah Karya Plasindo
Tbk
Lippo E-Net Tbk
Lippo E-Net Tbk
Bakrie & Brothers Tbk, PT
Eatertainment International
Tbk
Bakrie & Brothers Tbk, PT
Lippo E-Net Tbk
Artha Pacific Internasional
Tbk
United Capital Indonesia
Tbk, PT
Sinar Mas Agro Resources
and technology Tbk, PT
Indoexchange Tbk, PT
26
27
28
29
30
31
32
33
34
35
36
42
43
44
45
46
47
48
49
50
51
52
JIHD
Stock Split
12 Mei 2004
BNGA
BNLI
BBCA
Reverse Stock
Reverse Stock
Stock Split
21 Mei 2004
8 Juni 2004
8 Juni 2004
INCO
Stock Split
3 Agustus 2004
RIGS
SHDA
Stock Split
Stock Split
18 Agustus 2004
1 September 2004
TLKM
Stock Split
28 September 2004
SIPD
Reverse Stock
15 Oktober 2004
RALS
Stock Split
22 Oktober 2004
UNSP
Stock Split
3 November 2004
Stock Split
Penyesuaian
BLTA-W Waran
Stock Split
DAVO
Penyesuaian
BCIC
Waran
Penyesuaian
KREN-W Waran
IIKPIIKP-W Reverse Stock
Reverse Stock
LPLI
Reverse Stock
LPLI
Reverse Stock
BNBR
BLTA
9 November 2004
9 November 2004
17 Desember 2004
5 Januari 2005
19 Januari 2005
27 Januari 2005
17 Februari 2005
22 Februari 2005
Stock Split
Reverse Stock
Reverse Stock
8 Maret 2005
14 Maret 2005
28 Maret 2005
Reverse Stock
18 April 2005
Reverse Stock
30 Mei 2005
SMAR
Stock Split
20 Juni 2005
INDX
Reverse Stock
29 Juni 2005
SMMT
BNBR
LPLI
APIC &
APICW
UNIT &
UNITW
Perpustakaan Unika
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
Ciputra Surya Tbk, PT
Indoexchange Tbk, PT
Tigaraksa Satria Tbk, PT
Hexindo Adiperkasa Tbk, PT
Prima Alloy Steel Universal
Tbk, PT
Humpuss Intermoda
Transportasi Tbk, PT
Pelayaran tempuran Emas
Tbk, PT
Duta Pertiwi Nusantara Tbk,
PT
Pembangunan Jaya Ancol
Tbk, PT
Jaka Inti Reatindo Tbk, PT
Lippo Karawaci Tbk, PT
Bukit Sentul Tbk, PT
Jaya Real Property Tbk, PT
Tempo Scan Pacific Tbk, PT
PT. Global Mediacom Tbk
PT. Davomas Abadi Tbk.
PT. Jaya Pari Steel Tbk
PT. Akr Corporindo Tbk
PT. Antam Tbk.
PT. Sorini Agro Asia
Corporindo Tbk.
PT. Hortus Danavest Tbk.
PT. Humpuss Intermoda
Transportasi Tbk.
CTRS
INDX
TGKA
HEXA
Stock Split
Reverse Stock
Stock Split
Stock Split
PRAS
Stock Split
20 September 2005
HITS
Stock Split
15 Desember 2005
TMAS
Stock Split
17 Maret 2006
DPNS
PJAA
JAKA
LPKR
BKSL
JRPT
TSPC
BMTR
DAVO
JPRS
AKRA
ANTM
SOBI
HADE
HITS
Stock Split
Stock Split
Reverse Stock
Stock Split
Reverse Stock
Stock Split
Stock Split
Stock Split
Stock Split
Stock Split
Stock Split
Stock Split
25 Juli 2005
25 Agustus 2005
30 Agustus 2005
1 September 2005
8 Juni 2006
10 Juli 2006
19 Juli 2006
28 Juli 2006
1 Agustus 2006
14 Agustus 2006
14 September 2006
24 April 2007
28 Mei 2007
12 Desember 2007
27 Juli 2007
12 Juli 2007
Stock Split
22 Agustus 2007
Stock Split
10 September 2007
Stock Split
11 September 2007
Perpustakaan Unika
DATA PENELITIAN
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Kode Saham
Hari kePBRX
NISP
PNIN
CFIN
SMSM
PNLF
UNVR
AHAP
POOL
EPMT
KLBF
DNKS
EKAD
APIC
ISAT
JIHD
BBCA
INCO
RIGS
SHDA
TLKM
-6
2000
425
280
200
1725
425
27500
5050
11000
1650
1050
1500
1200
1725
18000
575
3700
34800
9900
21000
8150
-5
2000
350
300
205
1725
415
27400
4650
10960
1850
1025
1450
1200
1725
17400
575
3675
34350
9900
21000
8450
-4
2000
400
300
205
1700
420
27650
4300
11060
1900
1025
1475
1275
1725
17000
525
3675
34200
9900
21000
8450
-3
2000
415
300
215
1700
420
27800
4200
11120
1825
1000
1450
1300
1725
16650
525
3575
34400
9900
21000
8300
HARGA SAHAM
-2
-1
0
1775
1825
365
415
380
200
295
305
165
215
210
105
1700
1750
325
415
435
110
29750
30250
3375
4375
4000
390
11900
12100
1350
1850
1900
390
1000
1000
500
1475
1475
750
1275
1250
250
1725
1725
170
16750
17450
3500
500
500
255
3450
3500
1775
34550
34300
8750
9900
9900
1000
21000
21000
2125
8350
8350
4125
1
365
210
165
110
335
105
3425
415
1370
385
550
750
225
175
3800
250
1800
8750
1000
2125
4125
2
365
215
165
105
335
105
3450
415
1380
400
500
750
245
170
3825
240
1800
8700
1000
2125
4150
3
365
220
165
115
335
115
3400
330
1360
400
525
750
245
160
3750
205
1800
8600
900
2075
4200
4
350
225
175
110
325
115
3325
350
1330
400
550
750
245
170
3725
215
1775
8400
900
2100
4350
5
350
225
165
130
325
115
3200
380
1280
395
600
725
220
140
3675
220
1825
8050
900
2000
4400
Perpustakaan Unika
22
23
24
25
26
27
28
29
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
RALS
UNSP
BLTA
DAVO
SMMT
SMAR
CTRS
TGKA
PRAS
HITS
TMAS
DPNS
PJAA
LPKR
JRPT
TSPC
BMTR
DAVO
ANTM
AKRA
SOBI
HADE
HITS
JPRS
4375
2903
27301
7767
16475
3900
1320
3000
800
2750
1590
1000
1740
1710
3300
6250
4975
600
12600
4950
3500
800
1590
1900
4350
2883
26948
7767
16475
3900
1330
3000
800
2800
1600
1000
1780
1710
3300
6250
5200
580
12900
5075
3250
800
1590
1900
4350
2883
26830
7767
16475
3900
1330
3000
800
2800
1730
1000
1860
1710
3300
6250
5250
580
13600
5200
3100
800
1590
1940
4325
2805
26987
7767
16475
3900
1300
3000
870
2800
1800
1080
2040
1710
3225
6450
5150
580
13700
5300
3250
800
1590
2000
4275
2707
27104
7767
16475
3900
1320
3000
840
2800
1750
1040
2025
1740
2950
6500
5150
600
13250
5300
3600
800
1590
2075
4150
2746
26908
7767
16475
3900
1320
3000
860
2800
1840
980
1900
1800
2900
6550
5250
610
13250
5500
3600
800
1590
1950
875
1392
6864
785
1667
880
650
300
175
560
910
500
960
900
580
6500
1190
290
2650
1120
3800
375
800
420
875
1412
6864
785
1667
860
680
300
175
560
900
420
960
900
580
6600
1120
280
2650
1090
3600
400
800
400
850
1412
6825
785
1667
930
670
300
175
560
900
420
970
900
580
6750
1130
280
2600
1100
730
400
800
400
850
1412
6747
706
1628
1050
670
300
175
560
910
405
970
900
580
6650
1190
280
2600
1080
730
400
830
390
850
1392
6590
706
1647
1050
650
300
150
560
930
405
930
890
580
6650
1200
290
2575
1090
730
370
850
380
850
1432
6315
706
1569
1070
650
300
150
570
910
405
910
900
580
6550
1180
285
2700
1110
730
370
880
370
Perpustakaan Unika
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Kode
Saham
Hari kePBRX
NISP
PNIN
CFIN
SMSM
PNLF
UNVR
AHAP
POOL
EPMT
KLBF
DNKS
EKAD
APIC
ISAT
JIHD
BBCA
INCO
RIGS
SHDA
TLKM
Rit
-5
0.0000
-0.1765
0.0714
0.0250
0.0000
-0.0235
-0.0036
-0.0792
-0.0036
0.1212
-0.0238
-0.0333
0.0000
0.0000
-0.0333
0.0000
-0.0068
-0.0129
0.0000
0.0000
0.0368
-4
0.0000
0.1429
0.0000
0.0000
-0.0145
0.0120
0.0091
-0.0753
0.0091
0.0270
0.0000
0.0172
0.0625
0.0000
-0.0230
-0.0870
0.0000
-0.0044
0.0000
0.0000
0.0000
-3
0.0000
0.0375
0.0000
0.0488
0.0000
0.0000
0.0054
-0.0233
0.0054
-0.0395
-0.0244
-0.0169
0.0196
0.0000
-0.0206
0.0000
-0.0272
0.0058
0.0000
0.0000
-0.0178
-2
-0.1125
0.0000
-0.0167
0.0000
0.0000
-0.0119
0.0701
0.0417
0.0701
0.0137
0.0000
0.0172
-0.0192
0.0000
0.0060
-0.0476
-0.0350
0.0044
0.0000
0.0000
0.0060
-1
0.0282
-0.0843
0.0339
-0.0233
0.0294
0.0482
0.0168
-0.0857
0.0168
0.0270
0.0000
0.0000
-0.0196
0.0000
0.0418
0.0000
0.0145
-0.0072
0.0000
0.0000
0.0000
0
-0.8000
-0.4737
-0.4590
-0.5000
-0.8143
-0.7471
-0.8884
-0.9025
-0.8884
-0.7947
-0.5000
-0.4915
-0.8000
-0.9014
-0.7994
-0.4900
-0.4929
-0.7449
-0.8990
-0.8988
-0.5060
1
0.0000
0.0500
0.0000
0.0476
0.0308
-0.0455
0.0148
0.0641
0.0148
-0.0128
0.1000
0.0000
-0.1000
0.0294
0.0857
-0.0196
0.0141
0.0000
0.0000
0.0000
0.0000
2
0.0000
0.0238
0.0000
-0.0455
0.0000
0.0000
0.0073
0.0000
0.0073
0.0390
-0.0909
0.0000
0.0889
-0.0286
0.0066
-0.0400
0.0000
-0.0057
0.0000
0.0000
0.0061
3
0.0000
0.0233
0.0000
0.0952
0.0000
0.0952
-0.0145
-0.2048
-0.0145
0.0000
0.0500
0.0000
0.0000
-0.0588
-0.0196
-0.1458
0.0000
-0.0115
-0.1000
-0.0235
0.0120
4
-0.0411
0.0227
0.0606
-0.0435
-0.0299
0.0000
-0.0221
0.0606
-0.0221
0.0000
0.0476
0.0000
0.0000
0.0625
-0.0067
0.0488
-0.0139
-0.0233
0.0000
0.0120
0.0357
5
0.0000
0.0000
-0.0571
0.1818
0.0000
0.0000
-0.0376
0.0857
-0.0376
-0.0125
0.0909
-0.0333
-0.1020
-0.1765
-0.0134
0.0233
0.0282
-0.0417
0.0000
-0.0476
0.0115
Perpustakaan Unika
22
23
24
25
26
27
28
29
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
RALS
UNSP
BLTA
DAVO
SMMT
SMAR
CTRS
TGKA
PRAS
HITS
TMAS
DPNS
PJAA
LPKR
JRPT
TSPC
BMTR
DAVO
ANTM
AKRA
SOBI
HADE
HITS
JPRS
-0.0057
-0.0069
-0.0129
0.0000
0.0000
0.0000
0.0076
0.0000
0.0000
0.0182
0.0063
0.0000
0.0230
0.0000
0.0000
0.0000
0.0452
-0.0333
0.0238
0.0253
-0.0714
0.0000
0.0000
0.0000
0.0000
0.0000
-0.0044
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0813
0.0000
0.0449
0.0000
0.0000
0.0000
0.0096
0.0000
0.0543
0.0246
-0.0462
0.0000
0.0000
0.0211
-0.0057
-0.0271
0.0059
0.0000
0.0000
0.0000
-0.0226
0.0000
0.0875
0.0000
0.0405
0.0800
0.0968
0.0000
-0.0227
0.0320
-0.0190
0.0000
0.0074
0.0192
0.0484
0.0000
0.0000
0.0309
-0.0116
-0.0349
0.0043
0.0000
0.0000
0.0000
0.0154
0.0000
-0.0345
0.0000
-0.0278
-0.0370
-0.0074
0.0175
-0.0853
0.0078
0.0000
0.0345
-0.0328
0.0000
0.1077
0.0000
0.0000
0.0375
-0.0292
0.0144
-0.0072
0.0000
0.0000
0.0000
0.0000
0.0000
0.0238
0.0000
0.0514
-0.0577
-0.0617
0.0345
-0.0169
0.0077
0.0194
0.0167
0.0000
0.0377
0.0000
0.0000
0.0000
-0.0602
-0.7892
-0.4931
-0.7449
-0.8989
-0.8988
-0.7744
-0.5076
-0.9000
-0.7965
-0.8000
-0.5054
-0.4898
-0.4947
-0.5000
-0.8000
-0.0076
-0.7733
-0.5246
-0.8000
-0.7964
0.0556
-0.5313
-0.4969
-0.7846
0.0000
0.0144
0.0000
0.0000
0.0000
-0.0227
0.0462
0.0000
0.0000
0.0000
-0.0110
-0.1600
0.0000
0.0000
0.0000
0.0154
-0.0588
-0.0345
0.0000
-0.0268
-0.0526
0.0667
0.0000
-0.0476
-0.0286
0.0000
-0.0057
0.0000
0.0000
0.0814
-0.0147
0.0000
0.0000
0.0000
0.0000
0.0000
0.0104
0.0000
0.0000
0.0227
0.0089
0.0000
-0.0189
0.0092
-0.7972
0.0000
0.0000
0.0000
0.0000
0.0000
-0.0114
-0.1006
-0.0234
0.1290
0.0000
0.0000
0.0000
0.0000
0.0111
-0.0357
0.0000
0.0000
0.0000
-0.0148
0.0531
0.0000
0.0000
-0.0182
0.0000
0.0000
0.0375
-0.0250
0.0000
-0.0142
-0.0233
0.0000
0.0117
0.0000
-0.0299
0.0000
-0.1429
0.0000
0.0220
0.0000
-0.0412
-0.0111
0.0000
0.0000
0.0084
0.0357
-0.0096
0.0093
0.0000
-0.0750
0.0241
-0.0256
0.0000
0.0287
-0.0417
0.0000
-0.0474
0.0190
0.0000
0.0000
0.0000
0.0179
-0.0215
0.0000
-0.0215
0.0112
0.0000
-0.0150
-0.0167
-0.0172
0.0485
0.0183
0.0000
0.0000
0.0353
-0.0263
Perpustakaan Unika
No. Kode Saham
Hari ke-5
-4
1 PBRX
0
0
2 NISP
5000 756500
3 PNIN
8590500 7378500
4 CFIN
2601000 5116000
5 SMSM
0 400500
6 PNLF
129000
60500
7 UNVR
48000 161500
8 AHAP
817500 629500
9 POOL
19200
64600
10 EPMT
7887000 2082500
11 KLBF
5481500 2063500
12 DNKS
4367000 2050000
13 EKAD
23500 173500
14 APIC
5000
5000
15 ISAT
1059000 3759000
16 JIHD
2572500 3206500
17 BBCA
676000 4206500
18 INCO
226000 120500
19 RIGS
0
500
20 SHDA
0
0
21 TLKM
41431000 9350500
22 RALS
846500
917500
23 UNSP
530322 3299999
24 BLTA
177297 94532.25
25 DAVO
0
392.25
-3
0
523000
2671500
8871000
104000
139500
157500
80500
63000
1920000
2018000
570500
152500
0
1402500
4920000
24065000
45000
0
0
13298000
929000
18878993
35302.5
0
-2
500
0
2953500
6385000
17000
87000
533000
152500
213200
1067000
6507000
86000
225500
0
2523500
4569000
44204500
484000
0
52000
4144000
685000
34678430
379698
0
Volume Perdagangan
-1
0
1
1000
0
0
65500
110000 315000
6913500 10934000 3286500
8161000
1508500 2433500
497500
1970500 2172500
280000
3314500 263500
379000
8632500 16570000
2003000 13836000 5399500
151600
3453000 6628000
4114500 26832000 5302500
2302000
940000 17403000
552500
455000 1325000
10000
0
7500
5000 60992000 36666000
2985500
7410000 29770000
1822000
8082500 3426000
15286500 24957500 14714500
429000
902000 1101000
7500
0
0
500
11000
0
11241000 18019000 5874000
1690500
2344000 1730500
11992259 19579159 11543525
336550.5
707619 863734.5
5883.75
0
0
2
0
44500
9667500
1847000
1923000
130500
4811000
4194000
1924400
17959000
26737500
781500
25500
39508500
15455000
6824000
8279500
819500
0
0
8585500
2565000
6495268
642897.8
0
3
0
1240000
4246500
5472000
216500
2592000
3601500
20850000
1440600
8582000
2136000
2457000
0
99051000
6001500
8744000
6791500
1305500
30000
5000
21677500
205500
5327932
1024165
23535
4
5
50000
0
20000
0
5878000
2453500
8052000 59024000
162500
1665000
3761000
855500
2815000
2838000
10113000 12917000
1126000
1135200
5982000
6250500
26092000 23885500
2670500
745000
0
1500
55623500 122363500
6963500
2762500
14472500
6585000
7927000 14881000
161500
1121000
20000
0
7500
41500
150 24965500
4061500
3516500
6218732 11674145
126696.8
879424.5
15690
0
Perpustakaan Unika
26 SMMT
27 SMAR
28 CTRS
29 TGKA
31 PRAS
32 HITS
33 TMAS
34 DPNS
35 PJAA
36 LPKR
37 JRPT
38 TSPC
39 BMTR
40 DAVO
41 ANTM
42 AKRA
43 SOBI
44 HADE
45 HITS
46 JPRS
0
0
3937000
0
0
15000
565000
0
318000
5830000
0
193000
6157500
186000
15189000
2428000
0
0
0
43000
0
3000
1980000
500
2500
0
4624500
45000
1037000
4373500
13000
213000
3947000
233500
27898500
1591000
0
0
0
419000
0
0
1507000
0
204500
2500
2549000
377000
7348000
10622000
82000
474500
2324000
1495500
35677500
2061500
0
0
0
555500
40794
0
6791500
0
34000
2500
1417500
102000
4962500
9610000
214500
977500
1937500
15655000
14748500
2948000
1195500
0
0
808000
392.25
8629.5
0
0
3922.5 5883.75
1000
7500
33500 2485000
981500 124500
1436000
4460500 18821500 68227500 24205000 21369000
0
0
0
0
0
0
1500
0
0
0
0
10000
0
0
0
0
0
0
5092000
1843000 949000 1587000
2644500 1329500
2500
15500
4000
0
3000 150000
2231500
1898500 440000 1032500
888500 1822500
17586500 15340500 14706000 13591000 18578500 12640000
47500
55000
0
0
0
0
120500
108500 239000 503000
113500 115000
2456000 144587000 84409500 25908000 118187000 61850000
8297500
2887000 1553000 509500
285000 683500
22599500 92598500 27336500 8288500 15128000 20367500
2449000
3525000 7182000 11596000 10382500 7710500
102500
1050500 300000 1090000
3318000 5040000
25000
500
35000
0
0
20000
0
0
0
0
24000
11000
794500 16879500 5196500 4276500
922500 2135500
32556.75
964000
16731500
0
0
23500
863000
0
522000
15599000
833000
138500
33816500
2192500
39736000
8979000
1278500
0
30500
1266500
Perpustakaan Unika
RATA-RATA RETURN SAHAM DAN VOLUME PERDAGANGAN
Rit
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Kode
Saham
PBRX
NISP
PNIN
CFIN
SMSM
PNLF
UNVR
AHAP
POOL
EPMT
KLBF
DNKS
EKAD
APIC
ISAT
JIHD
BBCA
INCO
RIGS
SHDA
TLKM
RALS
UNSP
BLTA
DAVO
SMMT
SMAR
CTRS
TGKA
Volume Perdagangan
Sebelum
Sesudah
Sebelum
Sesudah
-0.016866
-0.016090
0.017732
0.010105
0.002984
0.004961
0.019573
-0.044356
0.019573
0.029898
-0.009640
-0.003160
0.008654
0.000000
-0.005823
-0.026915
-0.010888
-0.002865
0.000000
0.000000
0.005016
-0.010452
-0.010895
-0.002871
0.000000
0.000000
0.000000
0.000081
0.000000
-0.008219
0.023959
0.000693
0.047149
0.000184
0.009957
-0.010406
0.001121
-0.010406
0.002728
0.039524
-0.006667
-0.022630
-0.034391
0.010519
-0.026681
0.005673
-0.016426
-0.020000
-0.011820
0.013063
-0.005714
0.005788
-0.016422
-0.020127
-0.011817
0.041350
0.000319
0.000000
300
10000
270000
323900
5701500
5106400
6226800
15365700
203800
1227900
139200
1520500
255800
6127100
736600
10694700
102320
2450840
3414200
8815200
3674400
19250800
1525200
1595800
117000
6900
3000
70642500
2345900
12190500
3418000
8010300
17687700
10518700
260900
901700
1600
10000
10500
10800
15892900
12220530
1013700
2415800
13876000.65 8251920.15
204676.05 707383.65
1255.2
7845
8237.25
8472.6
800
917700
3130300
29870900
100
0
Perpustakaan Unika
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
HEXA
PRAS
HITS
TMAS
DPNS
PJAA
LPKR
JRPT
TSPC
BMTR
DAVO
ANTM
AKRA
SOBI
HADE
HITS
JPRS
0.009205
0.015365
0.003636
0.030331
-0.002946
0.019125
0.010405
-0.024990
0.009489
0.011042
0.003563
0.010516
0.021370
0.007699
0.000000
0.000000
0.005848
0.008280
-0.028571
0.003571
0.000119
-0.039143
-0.010465
0.000025
0.000000
0.001652
-0.001012
-0.003202
0.004012
-0.001637
-0.169971
-0.001667
0.019378
-0.024915
180300
48500
4000
2849600
105300
3179400
9604400
71400
395700
3364400
5173500
23222600
2295500
259600
5000
0
524000
794000
2000
4700
1474600
31400
941100
15022900
166600
221800
64834200
1044700
22171300
9170000
2205300
11000
13100
2759500
Perpustakaan Unika
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
Return_Sebelum
46
-,04
,03
,0019
,01416
Return_Sesudah
46
-,17
,05
-,0057
,03050
Vol_Perdagangan_Sebelu
m
46
,00
23222600.00
2858823.6772
5171178.17984
Volume_Perdagangan_Se
sudah
46
,00
70642500.00
7609760.6826
14655086.41914
Valid N (listwise)
46
Perpustakaan Unika
T-Test Return Saham
Paired Samples Statistics
Mean
Pair 1
N
Std. Deviation
Std. Error
Mean
Return_Sebelum
,0019
46
,01416
,00209
Return_Sesudah
-,0057
46
,03050
,00450
Paired Samples Correlations
N
Pair 1
Return_Sebelum &
Return_Sesudah
Correlation
46
-,065
Sig.
,666
Paired Samples Test
Paired Differences
Mean
Pair
1
Return_Sebelum Return_Sesudah
,00762
Std. Deviation
Std. Error
Mean
,03446
,00508
95% Confidence
Interval of the
Difference
Lower
Upper
-,00261
,01786
t
-2,005
df
Sig. (2-tailed)
45
,048
Perpustakaan Unika
T-Test Volume Perdagangan Saham
Paired Samples Statistics
Mean
Pair 1
N
Std. Deviation
Std. Error
Mean
Vol_Perdagangan_Sebelu
m
2858823.6
772
46
5171178.17984
762448.62646
Volume_Perdagangan_Se
sudah
7609760.6
826
46
14655086.41914
2160774.60926
Paired Samples Correlations
N
Pair 1
Vol_Perdagangan_Sebelu
m&
Volume_Perdagangan_Ses
udah
Correlation
46
Sig.
,234
,118
Paired Samples Test
Paired Differences
Mean
Pair
1
Vol_Perdagangan_
Sebelum - Volume_
Perdagangan_Sesudah
Std. Deviation
-4750937 14354180,75
Std. Error
Mean
2116408
95% Confidence
Interval of the
Difference
Lower
Upper
-9013603
-488271
t
-2,245
df
Sig. (2-tailed)
45
,030