ADAKAH PENGARUH FREE FLOAT TERHADAP PELAKU PASAR SAHAM DI INDONESIA? | Zendy

Putri Mutira | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

ADAKAH PENGARUH FREE FLOAT TERHADAP PELAKU PASAR SAHAM DI INDONESIA?

Author(s) -

Putri Mutira

Publication year - 2019

Publication title -

jurnal bisnis dan akuntansi

Language(s) - English

Resource type - Journals

eISSN - 2656-9124

pISSN - 1410-9875

DOI - 10.34208/jba.v21i1.424

Subject(s) - stock exchange , float (project management) , monetary economics , database transaction , business , stock price , capitalization , market capitalization , economics , financial system , stock market , finance , geography , paleontology , linguistics , philosophy , management , series (stratigraphy) , computer science , biology , programming language , context (archaeology) , archaeology

Indonesian Stock Exchange has released free float adjustment index on November 2018 and composite index declined about 3,2%. Free Float will be an additional reference for the exchange in compiling an index which previously used market capitalization and total transaction value. This study examines the average daily price changes of LQ45 stocks within 60 days before and after the announcement. The daily closing price changes are calculated as a percentage increase or decrease of stock prices according to the previous day, then, the average value is calculated for all the trading days. There are differences in the average stock price changes 60 days before and after the announcement date. After dropped, the price rebound and make a new higher high price two days after the announcement. Bank BCA, Bank Mandiri, Bank BRI, Bank BNI, Astra International and Telkom are companies which increase the weight of the free float meanwhile Unilever and H.M Sampoerna were the opposite.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research