KESIMPULAN ANALISIS LIKUIDITAS SAHAM SEBELUM DAN SESUDAH PENGUMUMAN REVERSE STOCK SPLIT PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA.

55

 

 

BAB V

KESIMPULAN

Dalam menentukan apakah investor akan melakukan transaksi di pasar

modal, biasanya ia akan mendasarkan keputusannya pada berbagai informasi yang

dimilikinya. Salah satu informasi yang dapat mempengaruhi reaksi pasar adalah

informasi mengenai

corporate action

.

Reverse stock split

merupakan salah satu

informasi yang dipublikasikan kepada publik sebagai suatu pengumuman atau

peristiwa yang berhubungan dengan perusahaan (

corporate action

). Jika suatu

pengumuman memiliki kandungan informasi, maka pasar akan bereaksi pada waktu

informasi tersebut diterima pasar. Reaksi pasar atas suatu pengumuman dapat

mempengaruhi likuiditas saham. Dalam penelitian ini likuiditas saham diproksikan

dengan

bid-ask spread

dan volume perdagangan saham.

Berdasarkan pengujian hipotesis yang telah dilakukan terhadap 22

perusahaan yang melakukan

reverse stock split

pada periode 2001 sampai dengan

Juni 2009, maka dapat diambil kesimpulan bahwa tidak terdapat perbedaan signifikan

56

 

 

informasi yang relevan bagi investor dalam membuat keputusan investasinya.

Ketidakrelevanan informasi dalam pengumuman

reverse stock split

tersebut dapat

saja disebabkan oleh motif beberapa perusahaan yang melakukan

reverse stock split

Daftar Referensi

BEI, 2004, Peraturan Pencatatan Efek Nomor I-A: 19/07/04 tentang Pencatatan

Saham dan Efek Bersifat Ekuitas Bukan Saham yang Diterbitkan oleh

Perusahaan Tercatat, Jakarta.

Conroy, R. M.; R. S. Haris, 1990, The Effect of Stock Splits on Bid-Ask Spread,

Journal of Finance

45

, 1285-1295.

Copeland, Thomas E, 2007, Financial Theory and Corporate Policy, (Pearson

Addison Wesley, New York).

Fransson, Abbe, 2005, Reverse Stock Split: An Emprical Approach To The

Signaling And Trading Range Hyphotheses On Swedish Stocks Subject To

Reverse Split Between 1995 And 2004,

Journal of Business 10

, 1-17.

Han, 1995, The Effect of Reverse Splits on the Liquidity of the Stock,

Journal of

Financial and Quantitative Analysis 30

(1), 159-169.

Hartono, Jogiyanto, 2005, Metodologi Penelitian Bisnis: Salah Kaprah dan

Pengalaman-pengalaman, (BPFE UGM, Yogyakarta).

Hartono, Jogiyanto, 2005, Pasar Efisien Secara Keputusan, (PT Gramedia Pustaka

Utama, Jakarta).

Hartono, Jogiyanto, 2008, Teori Portofolio dan Analisis Investasi, Edisi Kelima,

(BPFE UGM, Yogyakarta).

Horne, James C, 1995, Financial Management and Policy, (A Simon and Schuster

Company, New Jersey).

Jing, Lihua, 2002, An Event Study of Reverse Stock Splits in Hongkong Market,

SSRN Accounting Journal

.

Jog, Vijay; Cheng Zhu, 2004, Thirty Years Of Stock Splits Reverse Stock Splits

Nelling, E. F; Chen Y, 2002, Reverse Stock Split: Microstructure Effect and

Nonparametric Analysis of the Ex Date Return,

Finance and Management

14

, 52-56

Pangaribuan, Arini A, 2009, Analisis Perbedaan Likuiditas dan Abnormal Return

Sebelum dan Sesudah Pengumuman Reverse Split di Bursa Efek Indonesia,

Akuntansi (Universitas Atma Jaya Yogyakarta, Yogyakarta).

Pratisto, Arif, 2009, Statistik Menjadi Mudah dengan SPSS 17, (Elex Media

Komputindo, Jakarta).

Ross, A. S.; R. W. Westerfield; J. Jaffe, 2007,

Core Principles and Applications

of Corporate Finance

, (Mc Graw-Hill, New York).

Savitri, Melinda; Dwi Martani, 2005, The Analysis Impact of Stock Split and

Reverse Stock split on Stock Return and Volume The Case of Jakarta Stock

Exchange,

Journal of Accounting.

Sutopo, Evelyn, 2005, Analisis Likuiditas Saham di Seputar Reverse Stock Splits,

Akuntansi (Universitas Atma Jaya Yogyakarta, Yogyakarta).

Teguh, Daniel Adi Nugroho, 2005, Pengaruh Kebijakan Reverse Stock Split

terhadap Return Saham, Akuntansi (Universitas Atma Jaya Yogyakarta,

Yogyakarta).

Weygandt, Jerry J.; Donald E. Keiso; Walter G. Kell, 2002, Accounting

Principles, (John Wiley & Sons, Inc, New York).

Wild, John J; K. R. Subramanyan; Robert F. Halsey, 2005, Financial Statement

Analysis, (Mc Graw-Hill, New York).

www.idx.co.id

Lampiran 1 Daftar Sampel Perusahaan yang Melakukan Kebijakan

Reverse

Stock Split

Kode emiten

Nama perusahaan

Tanggal pengumuman

reverse stock split

BDMN

Bank Danamon Indonesia Tbk

17 Juli 2001

BNII

Bank International Indonesia Tbk

13 Juni 2002

LPBN

Bank Lippo Tbk

11 Desember 2002

BDMN

Bank Danamon Indonesia Tbk

22 Januari 2003

SMMA

Sinar Mas Multiartha

4 Maret 2003

MTFN

Bakrie Finance

6 Maret 2003

SUBA

Suba Indah Tbk

1 Oktober 2003

BBNI

Bank Negara Indonesia

23 Desember 2003

PLAS

Palm Asia Corpora

18 Maret 2004

UNIT

United Capital Indonesia Tbk

29 April 2004

SIPD

Sierad Produce Tbk

15 Oktober 2004

IIKP

Inti Indah Karya Plasindo

19 Januari 2005

BNBR

Bakrie and Brother Tbk

14 Maret 2005

LPLI

Lippo E-net Tbk

28 Maret 2005

APIC

Artha Pasific International Tbk

18 April 2005

INDX

Indoexchange Tbk

25 Agustus 2005

SRSN

Sarasa Nugraha

6 Oktober 2005

JAKA

Jaka Artha Graha

19 Juli 2006

BKSL

Royal Sentul Highland Tbk

1 Agustus 2006

INPC

Inter-Pasific Bank

10 Januari 2007

BNBR

Bakrie and Brother Tbk

6 Maret 2008

Lampiran 2

Bid-ask Spread

Kode

Emiten

Ask price

t-3

Bid price

t-3

bid-ask spread

t-3

BDMN

_{3 5 3 0 0 . 1 6 7}

BNII

_{2 0 1 5 0 . 3 3 3}

LPBN

3 6 3 1 0 . 1 6 1

BDMN

_{2 7 0 2 5 5 0 . 0 5 9}

SMMA

_{4 5 4 0 0 . 1 2 5}

MTFN

1 0 1 0 0 . 0 0 0

SUBA

2 0 1 5 0 . 3 3 3

BBNI

_{1 0 0 9 5 0 . 0 5 3}

PLAS

_{2 1 1 . 0 0 0}

UNIT

5 5 0 5 5 0 0 . 0 0 0

SIPD

_{2 0 1 5 0 . 3 3 3}

IIKP

_{3 7 5 3 2 5 0 . 1 5 4}

BNBR

3 3 5 3 2 0 0 . 0 4 7

LPLI

5 0 4 5 0 . 1 1 1

APIC

_{2 0 0 2 0 0 0 . 0 0 0}

INDX

1 0 1 0 0 . 0 0 0

SRSN

4 0 4 0 0 . 0 0 0

JAKA

_{2 5 2 5 0 . 0 0 0}

BKSL

_{3 0 2 5 0 . 2 0 0}

INPC

4 8 4 5 0 . 0 6 7

BNBR

_{3 3 5 3 2 0 0 . 0 4 7}

Kode

Emiten

Ask price

t-2

Bid price

t-2

bid-ask spread

t-2

BDMN

3 5 3 0 0 . 1 6 7

BNII

2 0 1 5 0 . 3 3 3

LPBN

_{3 6 3 1 0 . 1 6 1}

BDMN

_{2 5 5 2 3 5 0 . 0 8 5}

SMMA

4 5 4 0 0 . 1 2 5

MTFN

_{1 0 1 0 0 . 0 0 0}

SUBA

_{2 0 1 5 0 . 3 3 3}

BBNI

1 0 0 9 5 0 . 0 5 3

PLAS

2 1 1 . 0 0 0

UNIT

_{5 7 5 5 5 0 0 . 0 4 5}

SIPD

2 0 1 5 0 . 3 3 3

IIKP

3 2 5 3 0 0 0 . 0 8 3

BNBR

_{4 0 3 0 0 . 3 3 3}

LPLI

5 0 4 5 0 . 1 1 1

APIC

2 0 0 2 0 0 0 . 0 0 0

INDX

_{1 0 1 0 0 . 0 0 0}

SRSN

_{4 0 3 5 0 . 1 4 3}

JAKA

2 5 2 5 0 . 0 0 0

BKSL

_{3 0 3 0 0 . 0 0 0}

INPC

_{4 9 4 8 0 . 0 2 1}

BNBR

3 2 5 3 1 0 0 . 0 4 8

Kode

Emiten

Ask price

t-1

Bid price

t-1

bid-ask spread

t-1

BDMN

3 5 3 0 0 . 1 6 7

BNII

2 0 1 5 0 . 3 3 3

LPBN

_{3 6 3 1 0 . 1 6 1}

BDMN

_{2 4 0 2 3 5 0 . 0 2 1}

SMMA

4 0 3 5 0 . 1 4 3

MTFN

_{1 0 1 0 0 . 0 0 0}

SUBA

_{2 0 1 5 0 . 3 3 3}

BBNI

1 0 0 9 0 0 . 1 1 1

PLAS

2 1 1 . 0 0 0

UNIT

_{5 5 0 5 5 0 0 . 0 0 0}

SIPD

2 0 1 5 0 . 3 3 3

IIKP

7 0 6 0 0 . 1 6 7

BNBR

_{3 2 5 3 1 0 0 . 0 4 8}

LPLI

4 0 4 0 0 . 0 0 0

APIC

1 0 1 0 0 . 0 0 0

INDX

_{1 0 1 0 0 . 0 0 0}

SRSN

_{3 5 3 0 0 . 1 6 7}

JAKA

2 5 2 5 0 . 0 0 0

BKSL

_{3 0 2 5 0 . 2 0 0}

INPC

_{4 9 4 8 0 . 0 2 1}

BNBR

3 2 5 3 1 0 0 . 0 4 8

Kode

Emiten

Ask price

t+1

Bid price

t+1

bid-ask spread

t+1

BDMN

6 7 5 6 2 5 0 . 0 8 0

BNII

1 3 5 1 2 5 0 . 0 8 0

LPBN

_{2 8 0 2 7 0 0 . 0 3 7}

BDMN

_{1 1 0 0 1 0 5 0 0 . 0 4 8}

SMMA

4 7 0 3 0 0 0 . 5 6 7

MTFN

_{5 5 0 5 2 5 0 . 0 4 8}

SUBA

_{1 2 5 1 2 0 0 . 0 4 2}

BBNI

1 3 0 0 1 3 0 0 0 . 0 0 0

PLAS

4 5 5 4 1 0 0 . 1 1 0

UNIT

_{1 2 5 0 1 2 0 0 0 . 0 4 2}

SIPD

1 6 0 1 5 0 0 . 0 6 7

IIKP

4 0 5 3 8 0 0 . 0 6 6

BNBR

_{1 6 0 1 5 0 0 . 0 6 7}

LPLI

4 5 0 4 3 0 0 . 0 4 7

APIC

1 8 0 1 7 5 0 . 0 2 9

INDX

_{7 5 4 5 0 . 6 6 7}

SRSN

_{8 5 8 0 0 . 0 6 3}

JAKA

7 5 6 5 0 . 1 5 4

BKSL

_{1 0 0 1 0 0 0 . 0 0 0}

INPC

_{2 8 0 2 7 0 0 . 0 3 7}

BNBR

6 5 0 5 8 0 0 . 1 2 1

Kode

Emiten

Ask price

t+2

Bid price

t+2

bid-ask spread

t+2

BDMN

6 5 0 6 5 0 0 . 0 0 0

BNII

1 3 0 1 2 5 0 . 0 4 0

LPBN

_{2 7 5 2 6 5 0 . 0 3 8}

BDMN

_{1 0 0 0 9 7 5 0 . 0 2 6}

SMMA

4 0 0 3 0 0 0 . 3 3 3

MTFN

_{6 0 0 5 5 0 0 . 0 9 1}

SUBA

_{1 2 0 1 1 5 0 . 0 4 3}

BBNI

1 3 0 0 1 3 0 0 0 . 0 0 0

PLAS

4 5 5 4 5 5 0 . 0 0 0

UNIT

_{1 2 0 0 1 2 0 0 0 . 0 0 0}

SIPD

1 6 0 1 5 5 0 . 0 3 2

IIKP

4 0 0 4 0 0 0 . 0 0 0

BNBR

_{6 0 0 5 8 0 0 . 0 3 4}

LPLI

4 6 0 4 3 0 0 . 0 7 0

APIC

1 9 0 1 7 5 0 . 0 8 6

INDX

_{6 5 5 5 0 . 1 8 2}

SRSN

_{8 5 8 0 0 . 0 6 3}

JAKA

7 5 7 0 0 . 0 7 1

BKSL

_{1 1 5 1 0 0 0 . 1 5 0}

INPC

_{2 4 5 2 4 0 0 . 0 2 1}

BNBR

6 0 0 5 8 0 0 . 0 3 4

Kode

Emiten

Ask price

t+3

Bid price

t+3

bid-ask spread

t+3

BDMN

6 7 5 6 5 0 0 . 0 3 8

BNII

1 3 0 1 2 5 0 . 0 4 0

LPBN

_{2 7 0 2 6 5 0 . 0 1 9}

BDMN

_{9 5 0 9 2 5 0 . 0 2 7}

SMMA

4 0 0 3 0 0 0 . 3 3 3

MTFN

_{4 0 0 4 0 0 0 . 0 0 0}

SUBA

_{1 2 5 1 1 5 0 . 0 8 7}

BBNI

1 3 0 0 1 3 0 0 0 . 0 0 0

PLAS

5 1 0 4 5 5 0 . 1 2 1

UNIT

_{1 4 0 0 1 2 5 0 0 . 1 2 0}

SIPD

1 6 0 1 5 5 0 . 0 3 2

IIKP

4 1 0 3 6 0 0 . 1 3 9

BNBR

_{2 7 0 2 1 0 0 . 2 8 6}

LPLI

4 4 5 4 4 0 0 . 0 1 1

APIC

1 6 5 1 5 0 0 . 1 0 0

INDX

_{6 5 5 5 0 . 1 8 2}

SRSN

_{8 5 8 5 0 . 0 0 0}

JAKA

8 5 7 5 0 . 1 3 3

BKSL

_{1 1 5 1 1 5 0 . 0 0 0}

INPC

_{2 4 5 2 2 0 0 . 1 1 4}

BNBR

6 2 0 5 9 0 0 . 0 5 1

Lampiran 5 Rata-rata

Trading Volume Activity

Kode

Emiten

TVAit-3

TVAit-2

TVAit-1

∑

TVA

sebelum

rata2 TVA

sebelum

BDMN

_{2 . 2 6 1 E- 0 5 5 . 3 4 2 E- 0 6 1 . 2 7 2 E- 0 5 4 . 0 6 7 6 4 E- 0 5 1 . 3 5 5 8 8 E- 0 5}

BNII

_{1 . 9 4 3 E- 0 5 2 . 3 0 2 E- 0 5 3 . 7 0 1 E- 0 5 7 . 9 4 6 4 E- 0 5 2 . 6 4 8 8 E- 0 5}

LPBN

0 . 0 0 0 2 3 3

4

0 . 0 0 3 1 4 3

9 9 . 9 9 5 E- 0 5

0 . 0 0 3 4 7 7 2 8

3 0 . 0 0 1 1 5 9 0 9 4

BDMN

_{3 . 1 7 8 E- 0 5 2 . 7 1 3 E- 0 5 2 . 7 7 9 E- 0 5 8 . 6 7 0 5 E- 0 5 2 . 8 9 0 1 7 E- 0 5}

SMMA

1 . 1 5 8 E- 0 5 5 . 6 1 5 E- 0 6 0 . 0 0 0 1 2 7

0 . 0 0 0 1 4 4 2 3

6 4 . 8 0 7 8 8 E- 0 5

MTFN

0 . 0 0 0 2 5 5

5 5 . 6 3 3 E- 0 5

0 . 0 0 0 2 4 0 1

0 . 0 0 0 5 5 1 9 2

1 0 . 0 0 0 1 8 3 9 7 4

SUBA

0 . 0 0 0 3 5 2 1

0 . 0 0 0 1 9 7 9

0 . 0 0 1 2 3 6 8

0 . 0 0 1 7 8 6 8 0

6 0 . 0 0 0 5 9 5 6 0 2

BBNI

6 . 5 7 6 E- 0 6 8 . 0 9 9 E- 0 5 8 . 2 7 5 E- 0 5

0 . 0 0 0 1 7 0 3 2

1 5 . 6 7 7 3 8 E- 0 5

PLAS

_{0 . 1 3 3 0 8 0 . 0 6 0 3 4 0 . 2 1 7 5 2 0 . 4 1 0 9 4 0 . 1 3 6 9 8}

UNIT

0 . 0 0 0 1 2 2

2 5 . 0 5 2 E- 0 5

0 . 0 0 0 5 7 5 6

0 . 0 0 0 7 4 8 3 0

5 0 . 0 0 0 2 4 9 4 3 5

SIPD

0 . 0 0 0 6 6 5 4

0 . 0 0 0 3 4 9

6 0 . 0 0 1 6 0 9

0 . 0 0 2 6 2 3 9 7

8 0 . 0 0 0 8 7 4 6 5 9

IIKP

0 . 0 0 1 9 8 3 2

0 . 0 0 5 5 5 1 4

0 . 0 1 6 9 7 8 5

0 . 0 2 4 5 1 3 0 6

8 0 . 0 0 8 1 7 1 0 2 3

BNBR

0

0 . 0 0 7 7 5 2

4 0 . 0 0 4 3 9 2

0 . 0 1 2 1 4 4 4 4

3 0 . 0 0 4 0 4 8 1 4 8

LPLI

0 . 0 0 0 1 9 2

3 8 . 4 5 2 E- 0 5 0 . 0 0 1 8 4 5

0 . 0 0 2 1 2 1 7 7

1 0 . 0 0 0 7 0 7 2 5 7

APIC

4 . 7 7 7 E- 0 5 2 E- 0 5 1 . 2 2 2 E- 0 6 6 . 8 9 9 2 1 E- 0 5 2 . 2 9 9 7 4 E- 0 5

INDX

1 . 0 8 7 E- 0 5 0 6 . 3 4 1 E- 0 6 1 . 7 2 1 0 4 E- 0 5 5 . 7 3 6 7 9 E- 0 6

SRSN

0 . 0 0 3 6 9 3 2

0 . 0 1 1 5 3 8 6

0 . 0 1 9 7 9 9 1

0 . 0 3 5 0 3 0 9 0

9 0 . 0 1 1 6 7 6 9 7

JAKA

2 . 8 8 5 E- 0 6 1 . 9 2 3 E- 0 7 7 . 6 9 2 E- 0 7 3 . 8 4 6 1 5 E- 0 6 1 . 2 8 2 0 5 E- 0 6

BKSL

1 . 9 3 2 E- 0 6 6 . 2 5 7 E- 0 6 1 . 6 7 5 E- 0 5 2 . 4 9 3 5 6 E- 0 5 8 . 3 1 1 8 6 E- 0 6

INPC

5 . 3 3 6 E- 0 5

0 . 0 0 0 1 2 8

8 8 . 5 3 8 E- 0 5

0 . 0 0 0 2 6 7 5 2

1 8 . 9 1 7 3 6 E- 0 5

BNBR

0 . 0 1 5 0 3 6 7

0 . 0 0 7 7 5 2

4 0 . 0 0 4 3 9 2

0 . 0 2 7 1 8 1 1 6

2 0 . 0 0 9 0 6 0 3 8 7

Kode

Emiten

TVAit+1

TVAit+2

TVAit+3

∑

TVA

sesudah

rata2 TVA

sesudah

BDMN

2 . 0 5 9 E- 0 6 1 . 4 4 1 E- 0 6 4 . 7 3 5 E- 0 6 8 . 2 3 4 0 9 E- 0 6 2 . 7 4 4 7 E- 0 6

BNII

0 . 0 0 3 0 4 4 7 0 . 0 0 0 6 5 5 3 0 . 0 0 0 1 4 5 9 0 . 0 0 3 8 4 5 8 3 9 0 . 0 0 1 2 8 1 9 4 6

LPBN

_{0 . 0 0 2 7 6 3 4 0 . 0 0 1 8 7 6 4 0 . 0 0 0 7 8 4 1 0 . 0 0 5 4 2 3 8 5 9 0 . 0 0 1 8 0 7 9 5 3}

BDMN

_{1 . 2 1 5 E- 0 5 8 . 3 5 8 E- 0 5 1 . 7 7 E- 0 5 0 . 0 0 0 1 1 3 4 2 5 3 . 7 8 0 8 2 E- 0 5}

SMMA

0 0 0 0 0

MTFN

_{0 . 0 0 1 2 7 2 1 0 . 0 0 0 4 4 1 3 5 . 1 9 2 E- 0 5 0 . 0 0 1 7 6 5 3 1 7 0 . 0 0 0 5 8 8 4 3 9}

SUBA

_{0 . 0 0 5 7 9 0 7 0 . 0 0 1 7 2 2 2 0 . 0 0 0 2 0 3 7 0 . 0 0 7 7 1 6 6 6 7 0 . 0 0 2 5 7 2 2 2 2}

BBNI

1 . 1 5 2 E- 0 5 2 . 6 3 5 E- 0 5 5 . 1 7 2 E- 0 6 4 . 3 0 4 5 5 E- 0 5 1 . 4 3 4 8 5 E- 0 5

PLAS

0 . 0 2 2 1 4 0 . 0 3 0 5 0 . 0 1 7 9 2 0 . 0 7 0 5 6 0 . 0 2 3 5 2

UNIT

_{0 . 0 0 0 2 4 6 9 0 0 . 0 0 1 1 5 5 5 0 . 0 0 1 4 0 2 3 7 2 0 . 0 0 0 4 6 7 4 5 7}

SIPD

0 . 0 0 0 2 6 1 8 0 . 0 0 0 4 9 1 2 8 . 4 9 7 E- 0 5 0 . 0 0 0 8 3 7 9 5 4 0 . 0 0 0 2 7 9 3 1 8

IIKP

0 . 0 0 4 4 5 3 0 0 . 0 0 2 2 9 6 8 0 . 0 0 6 7 4 9 8 1 1 0 . 0 0 2 2 4 9 9 3 7

BNBR

_{0 . 0 0 7 7 2 5 7 0 . 0 0 8 6 5 3 5 0 . 2 1 4 8 4 6 2 0 . 2 3 1 2 2 5 3 8 5 0 . 0 7 7 0 7 5 1 2 8}

LPLI

0 . 0 0 3 5 7 6 5 0 . 0 0 0 9 1 1 9 6 . 9 9 7 E- 0 5 0 . 0 0 4 5 5 8 3 1 4 0 . 0 0 1 5 1 9 4 3 8

APIC

0 . 0 1 7 6 2 4 8 0 . 0 6 2 9 8 1 8 0 . 0 0 0 3 2 7 6 0 . 0 8 0 9 3 4 2 0 2 0 . 0 2 6 9 7 8 0 6 7

INDX

_{1 . 9 5 6 E- 0 6 0 . 0 0 0 8 7 9 1 0 . 0 0 1 0 8 9 7 0 . 0 0 1 9 7 0 7 9 7 0 . 0 0 0 6 5 6 9 3 2}

SRSN

_{0 . 0 2 0 9 8 6 7 0 . 0 3 5 2 6 8 3 0 . 0 1 8 6 1 1 3 0 . 0 7 4 8 6 6 2 7 9 0 . 0 2 4 9 5 5 4 2 6}

JAKA

0 . 0 0 4 9 0 3 8 0 . 0 0 3 1 8 5 6 0 . 0 0 1 2 8 0 8 0 . 0 0 9 3 7 0 1 9 2 0 . 0 0 3 1 2 3 3 9 7

BKSL

_{7 . 3 6 1 E- 0 6 0 . 0 0 0 1 1 0 8 9 . 2 0 1 E- 0 6 0 . 0 0 0 1 2 7 3 4 6 4 . 2 4 4 8 8 E- 0 5}

INPC

_{3 . 0 0 6 E- 0 7 1 . 2 0 2 E- 0 6 4 . 9 7 E- 0 5 5 . 1 2 0 6 1 E- 0 5 1 . 7 0 6 8 7 E- 0 5}

BNBR

0 . 0 1 2 6 0 1 7 0 . 0 0 8 6 5 3 5 0 . 0 0 5 7 8 5 1 0 . 0 2 7 0 4 0 3 5 9 0 . 0 0 9 0 1 3 4 5 3

Lampiran 3 Rata-rata Bid-ask Spread

Kode

Emiten

bid-ask spread

t-3

bid-ask spread

t-2

bid-ask spread

t-1

∑

bid-ask spread

sebelum

rata2 bid-ask spread

sebelum

BDMN

_{0 . 1 6 7 0 . 1 6 7 0 . 1 6 7 0 . 5 0 0 0 . 1 6 7}

BNII

_{0 . 3 3 3 0 . 3 3 3 0 . 3 3 3 1 . 0 0 0 0 . 3 3 3}

LPBN

_{0 . 1 6 1 0 . 1 6 1 0 . 1 6 1 0 . 4 8 4 0 . 1 6 1}

BDMN

_{0 . 0 5 9 0 . 0 8 5 0 . 0 2 1 0 . 1 6 5 0 . 0 5 5}

SMMA

_{0 . 1 2 5 0 . 1 2 5 0 . 1 4 3 0 . 3 9 3 0 . 1 3 1}

MTFN

_{0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0}

SUBA

_{0 . 3 3 3 0 . 3 3 3 0 . 3 3 3 1 . 0 0 0 0 . 3 3 3}

BBNI

_{0 . 0 5 3 0 . 0 5 3 0 . 1 1 1 0 . 2 1 6 0 . 0 7 2}

PLAS

_{1 . 0 0 0 1 . 0 0 0 1 . 0 0 0 3 . 0 0 0 1 . 0 0 0}

UNIT

_{0 . 0 0 0 0 . 0 4 5 0 . 0 0 0 0 . 0 4 5 0 . 0 1 5}

SIPD

_{0 . 3 3 3 0 . 3 3 3 0 . 3 3 3 1 . 0 0 0 0 . 3 3 3}

IIKP

_{0 . 1 5 4 0 . 0 8 3 0 . 1 6 7 0 . 4 0 4 0 . 1 3 5}

BNBR

_{0 . 0 4 7 0 . 3 3 3 0 . 0 4 8 0 . 4 2 9 0 . 1 4 3}

LPLI

_{0 . 1 1 1 0 . 1 1 1 0 . 0 0 0 0 . 2 2 2 0 . 0 7 4}

APIC

_{0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0}

INDX

_{0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0}

SRSN

_{0 . 0 0 0 0 . 1 4 3 0 . 1 6 7 0 . 3 1 0 0 . 1 0 3}

JAKA

_{0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0}

BKSL

_{0 . 2 0 0 0 . 0 0 0 0 . 2 0 0 0 . 4 0 0 0 . 1 3 3}

INPC

_{0 . 0 6 7 0 . 0 2 1 0 . 0 2 1 0 . 1 0 8 0 . 0 3 6}

BNBR

_{0 . 0 4 7 0 . 0 4 8 0 . 0 4 8 0 . 1 4 4 0 . 0 4 8}

Kode

Emiten

bid-ask spread

t+1

bid-ask spread

t+2

bid-ask spread

t+3

∑

bid-ask spread

sesudah

rata2 bid-ask spread

sesudah

BDMN

_{0 . 0 8 0 0 . 0 0 0 0 . 0 3 8 0 . 1 1 8 0 . 0 3 9}

BNII

_{0 . 0 8 0 0 . 0 4 0 0 . 0 4 0 0 . 1 6 0 0 . 0 5 3}

LPBN

_{0 . 0 3 7 0 . 0 3 8 0 . 0 1 9 0 . 0 9 4 0 . 0 3 1}

BDMN

_{0 . 0 4 8 0 . 0 2 6 0 . 0 2 7 0 . 1 0 0 0 . 0 3 3}

SMMA

_{0 . 5 6 7 0 . 3 3 3 0 . 3 3 3 1 . 2 3 3 0 . 4 1 1}

MTFN

_{0 . 0 4 8 0 . 0 9 1 0 . 0 0 0 0 . 1 3 9 0 . 0 4 6}

SUBA

_{0 . 0 4 2 0 . 0 4 3 0 . 0 8 7 0 . 1 7 2 0 . 0 5 7}

BBNI

_{0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0 0 . 0 0 0}

PLAS

_{0 . 1 1 0 0 . 0 0 0 0 . 1 2 1 0 . 2 3 1 0 . 0 7 7}

UNIT

_{0 . 0 4 2 0 . 0 0 0 0 . 1 2 0 0 . 1 6 2 0 . 0 5 4}

SIPD

_{0 . 0 6 7 0 . 0 3 2 0 . 0 3 2 0 . 1 3 1 0 . 0 4 4}

IIKP

_{0 . 0 6 6 0 . 0 0 0 0 . 1 3 9 0 . 2 0 5 0 . 0 6 8}

BNBR

_{0 . 0 6 7 0 . 0 3 4 0 . 2 8 6 0 . 3 8 7 0 . 1 2 9}

LPLI

_{0 . 0 4 7 0 . 0 7 0 0 . 0 1 1 0 . 1 2 8 0 . 0 4 3}

APIC

_{0 . 0 2 9 0 . 0 8 6 0 . 1 0 0 0 . 2 1 4 0 . 0 7 1}

INDX

_{0 . 6 6 7 0 . 1 8 2 0 . 1 8 2 1 . 0 3 0 0 . 3 4 3}

SRSN

_{0 . 0 6 3 0 . 0 6 3 0 . 0 0 0 0 . 1 2 5 0 . 0 4 2}

JAKA

_{0 . 1 5 4 0 . 0 7 1 0 . 1 3 3 0 . 3 5 9 0 . 1 2 0}

BKSL

_{0 . 0 0 0 0 . 1 5 0 0 . 0 0 0 0 . 1 5 0 0 . 0 5 0}

INPC

_{0 . 0 3 7 0 . 0 2 1 0 . 1 1 4 0 . 1 7 2 0 . 0 5 7}

BNBR

_{0 . 1 2 1 0 . 0 3 4 0 . 0 5 1 0 . 2 0 6 0 . 0 6 9}

Lampiran 4 Trading Volume Activity

Kode

Emiten

saham perusahaan yang diperdagangkan

waktu t-3

saham perusahaan yang beredar

waktu t-3

TVAit-3

BDMN

_{1 0 9 8 5 0 0 0 4 8 5 7 8 5 2 7 8 0 0 0 2 . 2 6 1 2 9 E- 0 5}

BNII

_{1 7 8 5 0 0 0 9 1 8 6 5 5 2 8 9 4 2 1 . 9 4 3 0 6 E- 0 5}

LPBN

_{9 0 4 9 0 0 0 3 8 7 6 5 7 5 7 0 8 1 0 . 0 0 0 2 3 3 4 2 8}

BDMN

_{7 7 2 0 0 0 2 4 2 8 9 2 6 3 9 0 0 3 . 1 7 8 3 6 E- 0 5}

SMMA

_{1 6 5 0 0 1 4 2 4 7 4 3 6 8 0 1 . 1 5 8 1 E- 0 5}

MTFN

_{4 9 2 0 0 0 1 9 2 6 0 0 0 0 0 0 0 . 0 0 0 2 5 5 4 5 2}

SUBA

_{7 6 0 5 0 0 2 1 6 0 0 0 0 0 0 0 0 . 0 0 0 3 5 2 0 8 3}

BBNI

_{1 2 9 7 0 0 0 1 . 9 7 2 3 3 E+ 1 1 6 . 5 7 5 9 8 E- 0 6}

PLAS

_{3 3 2 7 0 0 0 0 2 5 0 0 0 0 0 0 0 0 . 1 3 3 0 8}

UNIT

_{2 4 3 0 0 0 1 9 8 9 1 6 3 1 0 3 0 . 0 0 0 1 2 2 1 6 2}

SIPD

_{4 8 1 6 0 0 0 7 2 3 7 8 6 5 0 8 3 0 . 0 0 0 6 6 5 3 9}

IIKP

_{3 1 7 3 0 0 1 5 9 9 9 6 2 9 4 0 . 0 0 1 9 8 3 1 7 1}

BNBR

_{0 3 8 7 5 0 4 0 0 0 0 0 0}

LPLI

_{8 6 5 5 0 0 4 5 0 1 6 6 4 6 3 4 0 . 0 0 0 1 9 2 2 6 2}

APIC

_{1 2 7 1 0 0 2 6 6 0 4 5 1 2 5 0 4 . 7 7 7 3 9 E- 0 5}

INDX

_{1 2 0 0 0 1 1 0 3 9 8 5 0 0 0 1 . 0 8 6 9 7 E- 0 5}

SRSN

_{8 1 2 5 0 0 0 2 2 0 0 0 0 0 0 0 0 0 . 0 0 3 6 9 3 1 8 2}

JAKA

_{7 5 0 0 2 6 0 0 0 0 0 0 0 0 2 . 8 8 4 6 2 E- 0 6}

BKSL

_{1 0 5 0 0 5 4 3 4 0 0 0 0 0 0 1 . 9 3 2 2 8 E- 0 6}

INPC

_{1 5 9 7 5 0 0 2 9 ,9 3 7 ,8 5 9 , 6 7 7 5 . 3 3 6 0 5 E- 0 5}

BNBR

_{4 0 5 5 4 4 5 0 0 2 6 ,9 7 0 ,2 7 8 , 4 0 0 0 . 0 1 5 0 3 6 7 1 9}

Kode

Emiten

saham perusahaan yang diperdagangakan

waktu t-2

saham perusahaan yang beredar

waktu t-2

TVAit-2

BDMN

_{2 5 9 5 0 0 0 4 8 5 7 8 5 2 7 8 0 0 0 5 . 3 4 1 8 7 E- 0 6}

BNII

_{2 1 1 5 0 0 0 9 1 8 6 5 5 2 8 9 4 2 2 . 3 0 2 2 8 E- 0 5}

LPBN

_{1 2 1 8 7 6 0 0 0 3 8 7 6 5 7 5 7 0 8 1 0 . 0 0 3 1 4 3 9 0 9}

BDMN

_{6 5 9 0 0 0 2 4 2 8 9 2 6 3 9 0 0 2 . 7 1 3 1 3 E- 0 5}

SMMA

_{8 0 0 0 1 4 2 4 7 4 3 6 8 0 5 . 6 1 5 0 5 E- 0 6}

MTFN

_{1 0 8 5 0 0 1 9 2 6 0 0 0 0 0 0 5 . 6 3 3 4 4 E- 0 5}

SUBA

_{4 2 7 5 0 0 2 1 6 0 0 0 0 0 0 0 0 . 0 0 0 1 9 7 9 1 7}

BBNI

_{1 5 9 7 4 0 0 0 1 . 9 7 2 3 3 E+ 1 1 8 . 0 9 9 0 5 E- 0 5}

PLAS

_{1 5 0 8 5 0 0 0 2 5 0 0 0 0 0 0 0 0 . 0 6 0 3 4}

UNIT

_{1 0 0 5 0 0 1 9 8 9 1 6 3 1 0 3 5 . 0 5 2 3 8 E- 0 5}

SIPD

_{2 5 3 0 0 0 0 7 2 3 7 8 6 5 0 8 3 0 . 0 0 0 3 4 9 5 5 1}

IIKP

_{8 8 8 2 0 0 1 5 9 9 9 6 2 9 4 0 . 0 0 5 5 5 1 3 7 9}

BNBR

_{2 0 9 0 8 5 0 0 0 2 6 ,9 7 0 ,2 7 8 , 4 0 0 0 . 0 0 7 7 5 2 4 2 3}

LPLI

_{3 8 0 5 0 0 4 5 0 1 6 6 4 6 3 4 8 . 4 5 2 4 3 E- 0 5}

APIC

_{5 3 2 0 0 2 6 6 0 4 5 1 2 5 0 1 . 9 9 9 6 6 E- 0 5}

INDX

_{0 1 1 0 3 9 8 5 0 0 0 0}

SRSN

_{2 5 3 8 5 0 0 0 2 2 0 0 0 0 0 0 0 0 0 . 0 1 1 5 3 8 6 3 6}

JAKA

_{5 0 0 2 6 0 0 0 0 0 0 0 0 1 . 9 2 3 0 8 E- 0 7}

BKSL

_{3 4 0 0 0 5 4 3 4 0 0 0 0 0 0 6 . 2 5 6 9 E- 0 6}

INPC

_{3 8 5 5 5 0 0 2 9 ,9 3 7 ,8 5 9 , 6 7 7 0 . 0 0 0 1 2 8 7 8 3}

BNBR

_{2 0 9 0 8 5 0 0 0 2 6 ,9 7 0 ,2 7 8 , 4 0 0 0 . 0 0 7 7 5 2 4 2 3}

Kode

Emiten

saham perusahaan yang diperdagangakan

waktu t-1

saham perusahaan yang beredar

waktu t-1

TVAit-1

BDMN

_{6 1 8 0 0 0 0 4 8 5 7 8 5 2 7 8 0 0 0 1 . 2 7 2 1 7 E- 0 5}

BNII

_{3 4 0 0 0 0 0 9 1 8 6 5 5 2 8 9 4 2 3 . 7 0 1 0 6 E- 0 5}

LPBN

_{3 8 7 4 5 0 0 3 8 7 6 5 7 5 7 0 8 1 9 . 9 9 4 6 5 E- 0 5}

BDMN

_{6 7 5 0 0 0 2 4 2 8 9 2 6 3 9 0 0 2 . 7 7 9 0 1 E- 0 5}

SMMA

_{1 8 1 0 0 0 1 4 2 4 7 4 3 6 8 0 0 . 0 0 0 1 2 7 0 4}

MTFN

_{4 6 2 5 0 0 1 9 2 6 0 0 0 0 0 0 0 . 0 0 0 2 4 0 1 3 5}

SUBA

_{2 6 7 1 5 0 0 2 1 6 0 0 0 0 0 0 0 0 . 0 0 1 2 3 6 8 0 6}

BBNI

_{1 6 3 2 2 0 0 0 1 . 9 7 2 3 3 E+ 1 1 8 . 2 7 5 4 9 E- 0 5}

PLAS

_{5 4 3 8 0 0 0 0 2 5 0 0 0 0 0 0 0 0 . 2 1 7 5 2}

UNIT

_{1 1 4 5 0 0 0 1 9 8 9 1 6 3 1 0 3 0 . 0 0 0 5 7 5 6 1 9}

SIPD

_{1 1 6 4 6 0 0 0 7 2 3 7 8 6 5 0 8 3 0 . 0 0 1 6 0 9 0 3 8}

IIKP

_{2 7 1 6 5 0 0 1 5 9 9 9 6 2 9 4 0 . 0 1 6 9 7 8 5 1 8}

BNBR

_{1 1 8 4 5 4 0 0 0 2 6 ,9 7 0 ,2 7 8 , 4 0 0 0 . 0 0 4 3 9 2 0 2}

LPLI

_{8 3 0 5 5 0 0 4 5 0 1 6 6 4 6 3 4 0 . 0 0 1 8 4 4 9 8 4}

APIC

_{6 5 0 0 0 5 3 2 0 9 0 2 5 0 0 0 1 . 2 2 1 6 E- 0 6}

INDX

_{7 0 0 0 1 1 0 3 9 8 5 0 0 0 6 . 3 4 0 6 7 E- 0 6}

SRSN

_{4 3 5 5 8 0 0 0 2 2 0 0 0 0 0 0 0 0 0 . 0 1 9 7 9 9 0 9 1}

JAKA

_{2 0 0 0 2 6 0 0 0 0 0 0 0 0 7 . 6 9 2 3 1 E- 0 7}

BKSL

_{9 1 0 0 0 5 4 3 4 0 0 0 0 0 0 1 . 6 7 4 6 4 E- 0 5}

INPC

_{2 5 5 6 0 0 0 2 9 ,9 3 7 ,8 5 9 , 6 7 7 8 . 5 3 7 6 8 E- 0 5}

BNBR

_{1 1 8 4 5 4 0 0 0 2 6 ,9 7 0 ,2 7 8 , 4 0 0 0 . 0 0 4 3 9 2 0 2}

Kode

Emiten

saham perusahaan yang diperdagangkan

waktu t+1

saham perusahaan yang beredar

waktu t+1

TVAit+1

BDMN

_{5 0 0 0 0 2 4 2 8 9 2 6 3 9 0 0 2 . 0 5 8 5 2 E- 0 6}

BNII

_{2 7 9 7 0 0 0 0 9 1 8 6 5 5 2 8 9 4 0 . 0 0 3 0 4 4 6 6 8}

LPBN

_{1 0 7 1 2 5 0 0 3 8 7 6 5 7 5 7 0 9 0 . 0 0 2 7 6 3 3 9 2}

BDMN

_{5 9 0 0 0 4 8 5 7 8 5 2 7 8 0 1 . 2 1 4 5 3 E- 0 5}

SMMA

_{0 1 4 2 4 7 4 3 6 8 0}

MTFN

_{2 4 5 0 0 1 9 2 6 0 0 0 0 0 . 0 0 1 2 7 2 0 6 6}

SUBA

_{1 5 6 3 5 0 0 2 7 0 0 0 0 0 0 0 0 . 0 0 5 7 9 0 7 4 1}

BBNI

_{1 5 1 5 0 0 1 3 1 4 8 8 7 0 5 2 6 1 . 1 5 2 1 9 E- 0 5}

PLAS

_{5 5 3 5 0 0 2 5 0 0 0 0 0 0 0 . 0 2 2 1 4}

UNIT

_{2 6 6 0 0 1 0 7 7 4 6 0 0 0 0 . 0 0 0 2 4 6 8 7 7}

SIPD

_{1 8 9 5 0 0 7 2 3 7 8 6 5 0 9 0 . 0 0 0 2 6 1 8 1 8}

IIKP

_{1 4 2 5 0 0 3 2 0 0 0 8 9 8 0 . 0 0 4 4 5 3}

BNBR

_{5 9 8 7 5 0 0 0 7 7 5 0 0 8 0 0 0 0 0 . 0 0 7 7 2 5 7 2 7}

LPLI

_{1 6 1 0 0 0 0 4 5 0 1 6 6 4 6 3 0 . 0 0 3 5 7 6 4 5 5}

APIC

_{2 3 4 4 5 0 0 1 3 3 0 2 2 5 6 3 0 . 0 1 7 6 2 4 8 3}

INDX

_{1 5 0 0 7 6 6 6 9 5 0 0 0 1 . 9 5 6 4 5 E- 0 6}

SRSN

_{1 2 6 3 4 0 0 0 6 0 2 0 0 0 0 0 0 0 . 0 2 0 9 8 6 7 1 1}

JAKA

_{2 5 5 0 0 0 0 5 2 0 0 0 0 0 0 0 0 . 0 0 4 9 0 3 8 4 6}

BKSL

_{1 0 0 0 0 1 3 5 8 5 0 0 0 0 0 7 . 3 6 1 0 6 E- 0 6}

INPC

_{1 5 0 0 4 ,9 8 9 ,6 4 3 ,2 8 0 3 . 0 0 6 2 3 E- 0 7}

BNBR

_{1 6 9 9 3 6 0 0 0 1 3 ,4 8 5 ,1 3 9 , 2 0 0 0 . 0 1 2 6 0 1 7 2 4}

Kode

Emiten

saham perusahaan yang diperdagangkan

waktu t+2

saham perusahaan yang beredar

waktu t+2

TVAit+2

BDMN

_{3 5 0 0 0 2 4 2 8 9 2 6 3 9 0 0 1 . 4 4 0 9 7 E- 0 6}

BNII

_{6 0 2 0 0 0 0 9 1 8 6 5 5 2 8 9 4 0 . 0 0 0 6 5 5 3 0 6}

LPBN

_{7 2 7 4 0 0 0 3 8 7 6 5 7 5 7 0 9 0 . 0 0 1 8 7 6 3 9 8}

BDMN

_{4 0 6 0 0 0 4 8 5 7 8 5 2 7 8 0 8 . 3 5 7 6 E- 0 5}

SMMA

_{0 1 4 2 4 7 4 3 6 8 0}

MTFN

_{8 5 0 0 1 9 2 6 0 0 0 0 0 . 0 0 0 4 4 1 3 2 9}

SUBA

_{4 6 5 0 0 0 2 7 0 0 0 0 0 0 0 0 . 0 0 1 7 2 2 2 2 2}

BBNI

_{3 4 6 5 0 0 1 3 1 4 8 8 7 0 5 2 6 2 . 6 3 5 2 1 E- 0 5}

PLAS

_{7 6 2 5 0 0 2 5 0 0 0 0 0 0 0 . 0 3 0 5}

UNIT

_{0 1 0 7 7 4 6 0 0 0 0}

SIPD

_{3 5 5 5 0 0 7 2 3 7 8 6 5 0 9 0 . 0 0 0 4 9 1 1 6 7}

IIKP

_{0 3 2 0 0 0 8 9 8 0}

BNBR

_{1 1 6 6 9 3 5 0 0 1 3 ,4 8 5 ,1 3 9 , 2 0 0 0 . 0 0 8 6 5 3 4 8 9}

LPLI

_{4 1 0 5 0 0 4 5 0 1 6 6 4 6 3 0 . 0 0 0 9 1 1 8 8 5}

APIC

_{8 3 7 8 0 0 0 1 3 3 0 2 2 5 6 3 0 . 0 6 2 9 8 1 7 9 7}

INDX

_{6 7 4 0 0 0 7 6 6 6 9 5 0 0 0 0 . 0 0 0 8 7 9 0 9 8}

SRSN

_{2 1 2 3 1 5 0 0 6 0 2 0 0 0 0 0 0 0 . 0 3 5 2 6 8 2 7 2}

JAKA

_{1 6 5 6 5 0 0 5 2 0 0 0 0 0 0 0 0 . 0 0 3 1 8 5 5 7 7}

BKSL

_{1 5 0 5 0 0 1 3 5 8 5 0 0 0 0 0 0 . 0 0 0 1 1 0 7 8 4}

INPC

_{6 0 0 0 4 ,9 8 9 ,6 4 3 ,2 8 0 1 . 2 0 2 4 9 E- 0 6}

BNBR

_{1 1 6 6 9 3 5 0 0 1 3 ,4 8 5 ,1 3 9 , 2 0 0 0 . 0 0 8 6 5 3 4 8 9}

Kode

Emiten

saham perusahaan yang diperdagangkan

waktu t+3

saham perusahaan yang beredar

waktu t+3

TVAit+3

BDMN

_{1 1 5 0 0 0 2 4 2 8 9 2 6 3 9 0 0 4 . 7 3 4 6 E- 0 6}

BNII

_{1 3 4 0 0 0 0 9 1 8 6 5 5 2 8 9 4 0 . 0 0 0 1 4 5 8 7}

LPBN

_{3 0 3 9 5 0 0 3 8 7 6 5 7 5 7 0 9 0 . 0 0 0 7 8 4 0 7}

BDMN

_{8 6 0 0 0 4 8 5 7 8 5 2 7 8 0 1 . 7 7 0 3 E- 0 5}

SMMA

_{0 1 4 2 4 7 4 3 6 8 0}

MTFN

_{1 0 0 0 1 9 2 6 0 0 0 0 5 . 1 9 2 1 E- 0 5}

SUBA

_{5 5 0 0 0 2 7 0 0 0 0 0 0 0 0 . 0 0 0 2 0 3 7}

BBNI

_{6 8 0 0 0 1 3 1 4 8 8 7 0 5 2 6 5 . 1 7 1 5 E- 0 6}

PLAS

_{4 4 8 0 0 0 2 5 0 0 0 0 0 0 0 . 0 1 7 9 2}

UNIT

_{1 2 4 5 0 0 1 0 7 7 4 6 0 0 0 0 . 0 0 1 1 5 5 5}

SIPD

_{6 1 5 0 0 7 2 3 7 8 6 5 0 9 8 . 4 9 7 E- 0 5}

IIKP

_{7 3 5 0 0 3 2 0 0 0 8 9 8 0 . 0 0 2 2 9 6 8 1}

BNBR

_{1 6 6 5 0 7 5 0 0 0 7 7 5 0 0 8 0 0 0 0 0 . 2 1 4 8 4 6 1 7}

LPLI

_{3 1 5 0 0 4 5 0 1 6 6 4 6 3 6 . 9 9 7 4 E- 0 5}

APIC

_{8 7 1 5 0 0 2 6 6 0 4 5 1 2 5 0 0 . 0 0 0 3 2 7 5 8}

INDX

_{8 3 5 5 0 0 7 6 6 6 9 5 0 0 0 0 . 0 0 1 0 8 9 7 4}

SRSN

_{1 1 2 0 4 0 0 0 6 0 2 0 0 0 0 0 0 0 . 0 1 8 6 1 1 3}

JAKA

_{6 6 6 0 0 0 5 2 0 0 0 0 0 0 0 0 . 0 0 1 2 8 0 7 7}

BKSL

_{1 2 5 0 0 1 3 5 8 5 0 0 0 0 0 9 . 2 0 1 3 E- 0 6}

INPC

_{2 4 8 0 0 0 4 ,9 8 9 ,6 4 3 ,2 8 0 4 . 9 7 0 3 E- 0 5}

BNBR

_{7 8 0 1 3 5 0 0 1 3 ,4 8 5 ,1 3 9 , 2 0 0 0 . 0 0 5 7 8 5 1 5}