Analisis Perbedaan Return Saham , Trading Volume Activity Dan Variance Sebelum dan Sesudah Stock Split (Studi Kasus Pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2011-2013)

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Jurnal:

Copeland, Thomas E, 1979. “Liquidity Change Following Stock Splits”,

The

Journal of Blackwell Publishing for the American Finance Association,

Volume 34 Nomor 1, Maret 1979 hal 115-141,.

Kusniyah, 2012. “Analisis Volume Perdagangan Saham dan Return Saham

Sebelum dan Sesudah Stock Split

Pada Perusahaan

Go Public

di Bursa Efek

Indonesia Periode 2007-2011”,

Jurnal Fakultas Ekonomi Universitas

Trunojoyo Madura

.

Purnamasari, Sagung Intan, 2013. “Pengaruh Stock Split Terhadap Likuiditas

Perdagangan Saham BEI 2007-2012”,

E-Journal Akuntasi Universitas

Udayana Bali,

hal 258-276

.

Rahayu, Indah Retno, 2006. “Reaksi Pasar Terhadap Peristiwa Stock Split

yang

Terjadi di Bursa Efek Jakarta (BEJ)”,

Jurnal Universitas Islam Indonesia,

Yogyakarta.

Sutrisno, Wang, 2000. “Pengaruh Stock Split Terhadap Likuiditas dan

Return

Saham di Bursa Efek Jakarta”.

Journals Management Universitas Kristen

Petra,

Volume 2 Nomor 2, September 2000 hal 1-13.

Wismoyojati, Yudha dan Evi Steelyana, 2012. “Dampak Stock Split Terhadap

Return Saham dan Trading Volume Activity Pada Perusahaan yang

Terdaftar di Bursa Efek Indonesia Periode 2007-2011”.

Wulff, Christian, 2002. “The Market Reaction To Stock Splits – Evidence From

Germany”

, Schmalenbach Business Review

Institute of Banking Humboldt

Universitat zu Berlin International,

Volume 54, Juli 2002 hal 270 – 297.

Skripsi:

Foejisanto, Yose, 2010. Analisis Perbedaan

Return

Saham,

Trading Volume

Activity,

dan

Variance

Saham Pada Sebelum dan Sesudah

Stock Split.

Universitas Sumatera Utara, Medan.

Mila, I Gusti Ayu, 2010. Analisis Pengaruh Pemecahan Saham (

Stock Split

)

Terhadap Volume Perdagangan Saham Dan

Abnormal Return

Saham Pada

Perusahaan yang Terdaftar Di BEI Tahun 2007 – 2009. Universitas

Diponegoro, Semarang.

Website :

http:

10 WIB

http:

15 WIB

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Lampiran 1

Data harga saham,

return

, volume perdagangan, saham beredar dan TVA 7 hari

sebelum dan 7 hari sesudah

stock split

.

Kode Tgl. Harga

JTPE -7 1525 0.00328947 25,382,500 353,936,000 0.071714940 JTPE -6 1520 -0.00327869 21,685,000 353,936,000 0.061268140 JTPE -5 1480 -0.02631579 11,767,500 353,936,000 0.033247540 JTPE -4 1490 0.00675676 18,412,500 353,936,000 0.052022120 JTPE -3 1490 0.00000000 16,542,500 353,936,000 0.046738680 JTPE -2 1490 0.00000000 6,350,000 353,936,000 0.017941100 JTPE -1 1450 -0.02684564 10,487,500 353,936,000 0.029631060 JTPE 0 305 -0.78965517 24,721,000 1,769,680,000 0.013969190 JTPE 1 300 -0.01639344 10,224,000 1,769,680,000 0.005777320 JTPE 2 295 -0.01666667 6,249,500 1,769,680,000 0.003531430 JTPE 3 280 -0.05084746 15,739,000 1,769,680,000 0.008893700 JTPE 4 280 0.00000000 5,412,000 1,769,680,000 0.003058180 JTPE 5 280 0.00000000 4,818,000 1,769,680,000 0.002722530 JTPE 6 285 0.01785714 5,653,000 1,769,680,000 0.003194360 JTPE 7 275 -0.03508772 3,864,000 1,769,680,000 0.002183450

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Saham Perdagangan Beredar AUTO -8 15,600 -

AUTO -7 15,600 0 525,000 771,157,280 0.000680795 AUTO -6 15,750 0.009615385 1,562,500 771,157,280 0.002026176 AUTO -5 15,600 -0.00952381 275,000 771,157,280 0.000356607 AUTO -4 15,600 0 237,500 771,157,280 0.000307979 AUTO -3 15,900 0.019230769 475,000 771,157,280 0.000615957 AUTO -2 16,300 0.025157233 525,000 771,157,280 0.000680795 AUTO -1 16,600 0.018404908 3,112,500 771,157,280 0.004036142 AUTO 0 3,300 -0.80120482 5,450,000 3,855,786,400 0.001413460 AUTO 1 3,250 -0.01515152 2,757,500 3,855,786,400 0.000715159 AUTO 2 3,225 -0.00769231 1,080,000 3,855,786,400 0.000280099 AUTO 3 4,250 0.317829457 1,537,500 3,855,786,400 0.000398751 AUTO 4 4,175 -0.01764706 1,077,500 3,855,786,400 0.000279450 AUTO 5 4,200 0.005988024 48,420,000 3,855,786,400 0.012557750 AUTO 6 4,200 0 24,305,000 3,855,786,400 0.006303513 AUTO 7 4,200 0 5,532,500 3,855,786,400 0.001434856

Saham Return

Volume Perdagangan

Saham

Beredar TVA

PBRX -8 1,840 -

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INTA -7 3,800 0.00000000 5,660,000 432,005,844 0.013101675 INTA -6 3,800 0.00000000 81,045,000 432,005,844 0.187601629 INTA -5 3,825 0.00657895 51,940,000 432,005,844 0.120229855 INTA -4 3,875 0.01307190 56,495,000 432,005,844 0.130773694 INTA -3 3,875 0.00000000 45,747,500 432,005,844 0.105895558 INTA -2 3,850 -0.00645161 27,297,500 432,005,844 0.063187803 INTA -1 3,850 0.00000000 17,337,500 432,005,844 0.040132559 INTA 0 770 -0.80000000 22,459,000 2,160,029,220 0.010397545 INTA 1 770 0.00000000 15,347,000 2,160,029,220 0.007104996 INTA 2 760 -0.01298701 22,160,000 2,160,029,220 0.010259120 INTA 3 740 -0.02631579 24,959,000 2,160,029,220 0.011554936 INTA 4 730 -0.01351351 13,585,000 2,160,029,220 0.006289267 INTA 5 710 -0.02739726 17,677,500 2,160,029,220 0.008183917 INTA 6 700 -0.01408451 41,832,000 2,160,029,220 0.019366405 INTA 7 700 0.00000000 28,686,500 2,160,029,220 0.013280607

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Saham Perdagangan Beredar

LSIP -8 10,550 -

LSIP -7 10,550 0.00000000 20,827,500 1,364,572,793 0.015263019 LSIP -6 10,550 0.00000000 35,457,500 1,364,572,793 0.025984323 LSIP -5 10,950 0.03791469 20,882,500 1,364,572,793 0.015303324 LSIP -4 11,000 0.00456621 20,865,000 1,364,572,793 0.015290500 LSIP -3 10,900 -0.00909091 38,205,000 1,364,572,793 0.027997774 LSIP -2 10,800 -0.00917431 30,577,500 1,364,572,793 0.022408112 LSIP -1 10,500 -0.02777778 7,681,000 1,364,572,793 0.005628868 LSIP 0 2,150 -0.79523810 7,579,000 6,822,863,965 0.001110824 LSIP 1 2,150 0.00000000 14,399,000 6,822,863,965 0.002110404 LSIP 2 2,225 0.03488372 13,142,500 6,822,863,965 0.001926244 LSIP 3 2,250 0.01123596 28,791,500 6,822,863,965 0.004219855 LSIP 4 2,275 0.01111111 24,748,500 6,822,863,965 0.003627289 LSIP 5 2,350 0.03296703 15,133,000 6,822,863,965 0.002217984 LSIP 6 2,375 0.01063830 33,961,500 6,822,863,965 0.004977602 LSIP 7 2,400 0.01052632 20,145,000 6,822,863,965 0.002952572

Saham

Beredar TVA

MAIN -8 5,350 -

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BBRI -7 10,355 0.00009667 181,789,000 12,216,933,950 0.014880084 BBRI -6 10,350 0.00009653 93,518,500 12,216,933,950 0.007654826 BBRI -5 10,300 0.00009615 53,144,500 12,216,933,950 0.004350069 BBRI -4 10,600 0.00009992 62,344,000 12,216,933,950 0.005103081 BBRI -3 10,350 0.00009211 38,167,500 12,216,933,950 0.003124147 BBRI -2 9,300 0.00008682 45,738,000 12,216,933,950 0.003743820 BBRI -1 9,800 0.00011331 25,265,000 12,216,933,950 0.002068031 BBRI 0 4,800 0.00004998 56,720,500 24,422,470,380 0.002322472 BBRI 1 4,775 0.00020725 25,751,500 24,422,470,380 0.001054418 BBRI 2 4,700 0.00020613 66,687,500 24,422,470,380 0.002730580 BBRI 3 4,875 0.00022069 44,675,000 24,422,470,380 0.001829258 BBRI 4 5,150 0.00021670 83,249,000 24,422,470,380 0.003408705 BBRI 5 5,300 0.00019983 58,631,500 24,422,470,380 0.002400719 BBRI 6 5,250 0.00018690 57,598,000 24,422,470,380 0.002358402 BBRI 7 5,100 0.00018503 32,220,000 24,422,470,380 0.001319277

ACES -7 6750 0.01515200 5,400,000 1,715,000,000 0.003148688 ACES -6 6700 0.02985100 4,555,000 1,715,000,000 0.002655977

ACES -5 6900 0.01449300 0 1,715,000,000 -

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KLBF -8 4750 -

KLBF -7 4750 0.00584800 48,342,500 10,156,014,422 0.004759987 KLBF -6 4700 0.09302300 75,282,500 10,156,014,422 0.007412603 KLBF -5 4550 -0.03191500 107,795,000 10,156,014,422 0.010613908 KLBF -4 4575 0.00549500 51,995,000 10,156,014,422 0.005119626 KLBF -3 4575 0.00000000 30,827,500 10,156,014,422 0.003035393 KLBF -2 4700 0.02732200 50,510,000 10,156,014,422 0.004973408 KLBF -1 4800 0.02127700 48,042,500 10,156,014,422 0.004730448 KLBF 0 950 -0.01041700 37,794,500 50,780,072,110 0.000744278 KLBF 1 960 0.01052600 32,860,000 50,780,072,110 0.000647104 KLBF 2 980 0.02083300 63,946,500 50,780,072,110 0.001259283 KLBF 3 980 0.00000000 28,477,000 50,780,072,110 0.000560791 KLBF 4 970 -0.01020400 24,280,000 50,780,072,110 0.000478140 KLBF 5 970 0.00000000 20,082,500 50,780,072,110 0.000395480 KLBF 6 990 0.02061900 16,795,000 50,780,072,110 0.000330740 KLBF 7 980 -0.01010100 26,101,500 50,780,072,110 0.000514011

Saham

Beredar TVA

IDKM -8 5,400 -

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KREN -7 919 -0.00108695 848,000 792,342,573 0.001070244 KREN -6 920 0.001088139 1,586,000 792,342,573 0.002001659 KREN -5 920 0 1,372,000 792,342,573 0.001731574 KREN -4 912 -0.00869565 2,014,000 792,342,573 0.002541830 KREN -3 920 0.00877193 1,544,000 792,342,573 0.001948652 KREN -2 952 0.034782609 2,826,000 792,342,573 0.003566639 KREN -1 932 -0.02100840 2,458,000 792,342,573 0.003102194 KREN 0 220 -0.76394849 1,836,000 3,169,370,290 0.000579295 KREN 1 225 0.022727273 335,500 3,169,370,290 0.000105857

KREN 2 225 0 472,500 3,169,370,290 0.000149083

KREN 3 225 0 296,500 3,169,370,290 0.000093552

KREN 4 215 -0.04444444 189,000 3,169,370,290 0.000059633 KREN 5 220 0.023255814 404,500 3,169,370,290 0.000127628

KREN 6 220 0 239,500 3,169,370,290 0.000075567

KREN 7 225 0.022727273 245,000 3,169,370,290 0.000077302

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MDRN -8 3,150 -

MDRN -7 3,000 -0.047619048 882,500 831,763,273 0.001060999 MDRN -6 3,100 0.033333333 3,917,500 831,763,273 0.004709874 MDRN -5 3,075 -0.008064516 42,500 831,763,273 0.000051096 MDRN -4 3,100 0.008130081 27,500 831,763,273 0.000033062 MDRN -3 3,025 -0.024193548 715,000 831,763,273 0.000859620 MDRN -2 3,150 0.041322314 1,647,500 831,763,273 0.001980732 MDRN -1 3,050 -0.031746032 1,700,000 831,763,273 0.002043851 MDRN 0 640 -0.790163934 2,102,500 4,158,816,363 0.000505552 MDRN 1 660 0.03125 1,285,500 4,158,816,363 0.000309102 MDRN 2 670 0.015151515 935,000 4,158,816,363 0.000224824 MDRN 3 690 0.029850746 207,000 4,158,816,363 0.000049774 MDRN 4 690 0 13,794,000 4,158,816,363 0.003316809 MDRN 5 700 0.014492754 1,565,000 4,158,816,363 0.000376309 MDRN 6 690 -0.014285714 2,438,000 4,158,816,363 0.000586224 MDRN 7 730 0.057971014 1,487,000 4,158,816,363 0.000357554

Saham

Beredar TVA

IMAS -8 8,725 -

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ASII -7 60,200 0.00000000 50,640,000 40,483,553,314 0.001250878 ASII -6 60,175 -0.00041528 16,530,000 40,483,553,314 0.000408314 ASII -5 60,200 0.00041545 26,780,000 40,483,553,314 0.000661503 ASII -4 60,150 -0.00083056 35,245,000 40,483,553,314 0.000870600 ASII -3 60,020 -0.00216126 63,410,000 40,483,553,314 0.001566315 ASII -2 60,200 0.00299900 4,559,500 40,483,553,314 0.000112626 ASII -1 60,000 -0.00332226 4,414,000 40,483,553,314 0.000109032 ASII 0 6,250 -0.89583333 27,014,500 404,835,533,140 0.000066730 ASII 1 6,600 0.05600000 41,969,000 404,835,533,140 0.000103669 ASII 2 6,950 0.05303030 45,218,000 404,835,533,140 0.000111695 ASII 3 6,800 -0.02158273 14,550,500 404,835,533,140 0.000035942 ASII 4 6,650 -0.02205882 43,667,500 404,835,533,140 0.000107865 ASII 5 6,600 -0.00751880 17,595,000 404,835,533,140 0.000043462 ASII 6 6,650 0.00757576 67,072,500 404,835,533,140 0.000165678 ASII 7 6,850 0.03007519 33,262,500 404,835,533,140 0.000082163

Volume

Perdagangan Saham Beredar TVA

PWON -8 790 -

(12)

Saham Perdagangan

PTRO -8 40,900 -

PTRO -7 40,900 0.00000000 3,130,000 100,860,500 0.031032961 PTRO -6 41,000 0.00244499 1,370,000 100,860,500 0.013583117 PTRO -5 43,250 0.05487805 1,775,000 100,860,500 0.017598564 PTRO -4 43,500 0.00578035 1,285,000 100,860,500 0.012740369 PTRO -3 45,000 0.03448276 2,235,000 100,860,500 0.022159319 PTRO -2 44,900 -0.00222222 2,345,000 100,860,500 0.023249934 PTRO -1 44,000 -0.02004454 700,000 100,860,500 0.006940279 PTRO 0 4,400 -0.90000000 10,320,000 1,008,605,000 0.010231954 PTRO 1 4,575 0.03977273 3,849,500 1,008,605,000 0.003816658 PTRO 2 4,475 -0.02185792 3,602,500 1,008,605,000 0.003571765 PTRO 3 4,400 -0.01675978 7,022,000 1,008,605,000 0.006962091 PTRO 4 4,250 -0.03409091 4,195,000 1,008,605,000 0.004159210 PTRO 5 4,225 -0.00588235 4,498,500 1,008,605,000 0.004460121 PTRO 6 4,125 -0.02366864 8,217,000 1,008,605,000 0.008146896 PTRO 7 4,075 -0.01212121 5,460,000 1,008,605,000 0.005413418

Volume

JPFA -8 8,900 -

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Volume

ARNA -8 3,100 -

ARNA -7 3,200 0.03225806 23,438,000 1,835,357,744 0.012770262 ARNA -6 3,200 0.00000000 11,090,000 1,835,357,744 0.006042419 ARNA -5 3,250 0.01562500 2,244,000 1,835,357,744 0.001222650 ARNA -4 3,375 0.03846154 13,480,000 1,835,357,744 0.007344617 ARNA -3 3,250 -0.03703704 11,134,000 1,835,357,744 0.006066392 ARNA -2 3,250 0.00000000 1,580,000 1,835,357,744 0.000860868 ARNA -1 3,300 0.01538462 2,366,000 1,835,357,744 0.001289122 ARNA 0 820 -0.75151515 5,975,000 7,341,430,976 0.000813874 ARNA 1 820 0.00000000 3,517,000 7,341,430,976 0.000479062 ARNA 2 800 -0.02439024 4,233,500 7,341,430,976 0.000576659 ARNA 3 780 -0.02500000 4,209,500 7,341,430,976 0.000573390 ARNA 4 790 0.01282051 5,623,000 7,341,430,976 0.000765927 ARNA 5 730 -0.07594937 28,285,500 7,341,430,976 0.003852859 ARNA 6 780 0.06849315 13,673,000 7,341,430,976 0.001862443 ARNA 7 760 -0.02564103 6,762,500 7,341,430,976 0.000921142

Volume

TOWR -8 24,500 -

(14)

AMRT -8 7200 -

AMRT -7 7000 -0.02777778 90,000 3,774,954,700 0.000023841 AMRT -6 6500 -0.07142857 245,000 3,774,954,700 0.000064901 AMRT -5 6400 -0.01538462 25,000 3,774,954,700 0.000006623 AMRT -4 6,500 0.01562500 40,285,000 3,774,954,700 0.010671651 AMRT -3 6,400 -0.01538462 1,320,000 3,774,954,700 0.000349673 AMRT -2 6,400 0.00000000 15,000 3,774,954,700 0.000003974 AMRT -1 6,300 -0.01562500 50,000 3,774,954,700 0.000013245 AMRT 0 650 -0.89682540 152,000 37,749,547,000 0.000004027 AMRT 1 640 -0.01538462 72,000 37,749,547,000 0.000001907 AMRT 2 640 0.00000000 31,000 37,749,547,000 0.000000821 AMRT 3 650 0.01562500 379,000 37,749,547,000 0.000010040 AMRT 4 650 0.00000000 180,000 37,749,547,000 0.000004768 AMRT 5 640 -0.01538462 1,301,000 37,749,547,000 0.000034464 AMRT 6 720 0.12500000 295,500 37,749,547,000 0.000007828 AMRT 7 690 -0.04166667 309,000 37,749,547,000 0.000008186

Volume

JRPT -8 5,000 -

JRPT -7 5,000 0.00000000 0 2,750,000,000 -

JRPT -6 5,000 0.00000000 0 2,750,000,000 -

JRPT -5 5,000 0.00000000 132,500 2,750,000,000 0.000048182

JRPT -4 5,000 0.00000000 0 2,750,000,000 -

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Volume

TLKM -8 11,350 -

TLKM -7 10,600 -0.066079295 138,227,500 20,159,999,280 0.006856523 TLKM -6 10,400 -0.018867925 130,175,000 20,159,999,280 0.006457093 TLKM -5 10,955 0.053365385 229,065,000 20,159,999,280 0.011362352 TLKM -4 10,600 -0.032405294 202,245,000 20,159,999,280 0.010031994 TLKM -3 10,075 -0.049528302 145,652,500 20,159,999,280 0.007224827 TLKM -2 10,600 0.052109181 84,685,000 20,159,999,280 0.004200645 TLKM -1 10,250 -0.033018868 81,722,500 20,159,999,280 0.004053696 TLKM 0 2,150 -0.790243902 128,692,500 100,799,996,400 0.001276711 TLKM 1 2,225 0.034883721 140,114,000 100,799,996,400 0.001390020 TLKM 2 2,200 -0.011235955 105,664,500 100,799,996,400 0.001048259 TLKM 3 2,150 -0.022727273 109,446,500 100,799,996,400 0.001085779 TLKM 4 2,200 0.023255814 63,655,500 100,799,996,400 0.000631503 TLKM 5 2,100 -0.045454545 50,207,000 100,799,996,400 0.000498085 TLKM 6 2,000 -0.047619048 106,755,500 100,799,996,400 0.001059082 TLKM 7 1,990 -0.005000000 147,371,000 100,799,996,400 0.001462014

Volume

BATA -8 85000 -

(16)

JKON -8 2700 -

JKON -7 2550 -0.05555556 250,000 3,261,703,972 0.000076647 JKON -6 2650 0.03921569 252,500 3,261,703,972 0.000077414 JKON -5 2550 -0.03773585 3,707,500 3,261,703,972 0.001136676 JKON -4 2550 0.00000000 3,707,500 3,261,703,972 0.001136676 JKON -3 2225 -0.12745098 2,500 3,261,703,972 0.000000766 JKON -2 2450 0.10112360 5,000 3,261,703,972 0.000001533 JKON -1 2550 0.04081633 2,500 3,261,703,972 0.000000766 JKON 0 490 -0.80784314 192,500 16,308,519,860 0.000011804 JKON 1 485 -0.01020408 3,636,000 16,308,519,860 0.000222951 JKON 2 510 0.05154639 3,045,000 16,308,519,860 0.000186712 JKON 3 530 0.03921569 809,000 16,308,519,860 0.000049606 JKON 4 530 0.00000000 194,000 16,308,519,860 0.000011896 JKON 5 540 0.01886792 584,500 16,308,519,860 0.000035840 JKON 6 540 0.00000000 1,781,000 16,308,519,860 0.000109207 JKON 7 510 -0.05555556 2,500 16,308,519,860 0.000000153

Volume

Perdagangan Saham Beredar TVA MTSM -8 3,000

MTSM -7 3,000 - 6,000 58,212,000 0.000103072

MTSM -6 3,000 0 6,000 58,212,000 0.000103072

MTSM -5 3,000 0 6,000 58,212,000 0.000103072

MTSM -4 3,000 0 6,000 58,212,000 0.000103072

MTSM -3 3,000 0 6,000 58,212,000 0.000103072

MTSM -2 3,000 0 6,000 58,212,000 0.000103072

MTSM -1 3,000 0 6,000 58,212,000 0.000103072

MTSM 0 750 -0.75 1,500 232,848,000 0.000006442

MTSM 1 750 0 1,500 232,848,000 0.000006442

MTSM 2 750 0 1,500 232,848,000 0.000006442

MTSM 3 710 -0.05333333 2,000 232,848,000 0.000008589

MTSM 4 710 0 2,000 232,848,000 0.000008589

MTSM 5 710 0 2,000 232,848,000 0.000008589

MTSM 6 710 0 2,000 232,848,000 0.000008589

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Lampiran 2

Rata-rata

return,

TVA, dan

variance

sebelum

stock split

No

Kode

Return

TVA

Variance

1 MTSM 0.00000000 0.000103072 0.000000 2 JTPE -0.006627698 0.04465194 0.000195491 3 SSIA -0.001042523 0.019406653 0.000044460 4 AUTO 0.008983498 0.001243493 0.000159948 5 PBRX 0.007319843 0.032238429 0.001145628 6 INTA 0.001885604 0.094417539 0.000038482 7 BTPN 0.008659008 0.00142042318 0.001029239 8 LSIP -0.000508871 0.018267988 0.000305491 9 BBRI 0.000097357 0.005846294 0.0000000000670 10 MAIN 0.000187424 0.000708386 0.000000000003 11 ACES 0.012603286 0.002707122 0.000224656 12 KLBF 0.017292857 0.005806482 0.001473690 13 IDKM 0.005353049 0.000922443 0.000336923 14 KREN 0.001978809 0.002280399 0.000296450 15 DKFT 0.029659166 0.046385220 0.003982899 16 MDRN -0.004119631 0.001534176 0.001115282 17 IMAS 0.130497571 0.000996800 0.144801924 18 ASII -0.00047356 0.0007113241 0.00000403 19 PWON 0.008864067 0.00342727 0.000138352 20 PTRO 0.010759911 0.018186363 0.000639391 21 JPFA 0.007984315 0.002248952 0.000345077 22 ARNA 0.00924174 0.00508519 0.000018869774 23 TOWR 0.002347007 0.000494256 0.000072617 24 AMRT -0.01856794 0.001590558 0.000736987 25 JRPT -0.001428571 0.00001038961 0.000014286 26 TLKM -0.013489303 0.00716959 0.002267563

27 BATA 0.000000 0.000384615 0.0000000

(18)