Mekanisme Perdagangan Saham
The implementation process in the Exchange Trading : Trade Execution Process Remote : Trade Execution
Implementation of Securities on the Stock trading is done by using JATS facilities. Trade on the Stock Exchange can only be done by the Member Exchange (AB) which is also a Member of Clearing KPEI. Exchange members are responsible for all transactions conducted in Stock for its own sake or for the benefit of customers.
Exchange members are responsible for all Exchange Transaction settlement on behalf of members concerned Stock Exchange as stated in the DTB, including the Exchange Transaction which occurred in part because:
*Supporting tools errors and / or application Exchange members in order except the Remote Trading JONEC software error provided by the Exchange; and / or
*omissions or errors in executing PJPP supply or demand to sell and buy into the JATS; and / or
*negligence or error-RT IT Officer in the operation of equipment and or applications Supporting Exchange Members; and / or
*existence of unauthorized access is done through the Support Tools or applications and the Exchange Members.
Segments in the Stock Market
*Regular;
*Cash Market;
*Market Negotiations.
Rights Preemptive (HMETD) can only be traded on the Cash Market and the Market Negotiation in session I.
Settlement Transaction
Day Trade
Trade Securities in Regular, Cash Market and Market Negotiations conducted during the hours of trading on the Exchange each day based on JATS time.
Pre-Market Opening to be done every day Regular Exchange:
Cash Market Trading Hours:
Customer Orders
Orders that can be executed on the Stock Exchange by the Member is only limited orders (limit order), the order performed by the Exchange until the limit price set by the customers.
Offer to sell and customers buy or demand for securities other than HMETD only be transacted by the Members in Regular Stock, unless the customer instructed or agreed in writing that the offer to sell or buy request transacted in Cash Market or Market Negotiations.
Trade Unit
Trade in Regular and Cash Market trading must be in units (round lot) or a multiplication effect, which is 500 (five hundred) Securities. Trade Negotiations in the market do not use the trade unit (not round lot).
The unit price changes (fraction)
Notes
* Level of maximum change in the fraction of the price is 10x the price, still under the limit auto rejection and does not apply to pre-opening.
Fraction and the maximum level of price changes above apply to a full Exchange Day and adjusted on the next Exchange Day if the Closing Price is at a different price ranges. The maximum level of price changes can be made as long as not exceed the percentage limit Auto Rejection.
Auto Rejection *
Bid price and selling or buying a request to be included in bid price JATS is still within a certain price range. When entering the price of Exchange Members outside the price range it will automatically be rejected by JATS (auto rejection).
Limitation auto rejection current:
1. Bid price or offer to sell shares is less than USD 50, – (fifty dollars);
2. Bid price or offer to sell shares more than 35% (thirty five percent)
above or below the Reference Price for the shares with a price range USD 50, – (fifty dollars)
up from Rp 200, – (two hundred dollars);
3. Bid price or offer to sell shares more than 25% (twenty five percent)
above or below the Reference Price for the Shares with a price range Rp 200, – (two hundred rupiah)
up from Rp 5,000, – (five thousand rupiah);
4. Bid price or offer to sell shares more than 20% (twenty percent)
above or below the Reference Price for the shares with a price range of more than Rp 5000, – (five thousand rupiah).
Auto Rejection of application of the above prices, to trade shares of public bidding for the first time traded on the stock exchange (trading prime), set of 2 (two) times the percentage Auto Rejection price limits set forth in the above.
The reference price used to limit the highest price or lowest bid for shares entered into JATS in stock trading in Regular and Cash Market is determined as follows:
*Using the opening price (Opening Price) who terbentukpada Pre-Opening session; or
*Using the closing price (Closing Price) in Regular on the previous Exchange Day (Previous Price) if the Opening Price is not formed.
*In the event the Company recorded corporate action, then for 3 (three) days, respectively Exchange after the expiration of stock trading that includes a right (cum period) in Regular, reference price above using the Previous Price of each market (Regular or Cash ).
* in accordance with Circular SE-00001/BEI.PSH/01-2009 imposed on January 19, 2009.
Pre-opening
Implementation of trade in Regular starting with Pre-opening. Exchange members may enter the offer or sale and purchase requests in accordance with the provisions of the trade unit, the unit price change (fraction) and the provisions Auto Rejection.
Opening prices are formed based on the accumulated number of supply and demand selling to buy the most that can be allocated by JATS at a certain price on pre-opening period.
The entire bidding and selling or buying demand is not allocated in the Pre-opening, will be processed directly (without including the re-supply or demand to sell and buy) at the first session of trading, except for bid price and the sale or purchase request is beyond the boundaries of Auto Rejection.
Regular
Offer to sell and or purchase requests that have been incorporated into JATS JATS processed by taking into account:
1.Priority price (price priority):
Demand bought at a higher price has priority over a request to buy at lower prices, while offering to sell at a lower price has priority over the supply of which sell at higher prices.
2.Priority Time (time of Priority)
If the sale or supply purchase requests submitted at the same price, JATS give priority to requests to buy or sell bids submitted in advance.
Reduction of the number of effects on both the supply JATS selling or buying on the demand for the same price level does not result in loss of time priority. While the addition of both effects on supply and demand for sale bought for the same price level are treated the same as selling or offering to buy the new demand.
Exchange Transaction in Regular and Cash Market and binding occurs when the supply selling dijumpakan (match) with a request by JATS buy.
Negotiable Market
Effect on the Market Trade Negotiations done through a process of individual bargaining (negotiating directly) between:
*Members Exchange or
*customers through an Exchange Member or
*customers with Exchange Members or
*Members Exchange with KPEI
The results of the bargaining agreement is processed through JATS.
Exchange members can submit offers or requests to sell and buy via the information display board (advertising) and can be changed or canceled prior to the agreement executed in JATS. The deal began to tie in the event of penjumpaan between supply and demand for sale buy at JATS.
Settlement of Exchange Transactions
Regular and Cash Market
Exchange Transaction Settlement in Regular and Cash Market between Member and Member of Stock Exchange to sell buy guaranteed by KPEI.
- Regular Market Exchange Transaction must be settled on the Exchange Day-3 (T +3).
- Cash Market Exchange Transaction must be completed on the same Exchange Day (T +0).
Exchange Transaction Penyelesaiain done in Regular and Cash Market will be determined by KPEI Netting process and is made through book-entry securities and or funds to the account of the Securities Exchange Members who are entitled to KSEI.
In the case of Exchange Members obligation to submit sesuasi Securities held not by the provisions, the Exchange Members are obligated to complete its obligations with cash instead (ACS = Alternate Cash Settlement), the amount set at 125% (one hundred and twenty five percent) of the highest rates of Securities The same is happening in:
- Regular and Cash Market of the solution due on the same date; and
- Regular Market Session I on the settlement day maturity as above.
In the case of Exchange Member is not fulfilling its obligations to pay the KPEI as stated in DHK Netting, then the obligations of the Exchange Members must be settled in accordance with Regulation KPEI.
Exchange members are not fulfilling their obligations in the settlement of Exchange Transactions prohibited from engaging in commercial activity on the Stock Exchange up to KPEI reported to the Exchange that all the obligations of Member Exchange has been fulfilled and Exchange Members can be sanctioned in accordance with Exchange Rules.
Market Exchange Transaction Settlement Negotiations
Turnaround time in the Market Exchange Transaction Negotiations are set according to the agreement between AB and AB buying selling and resolved Per-transaction (no netting). If not specified, then the settlement of Exchange Transactions carried out at the latest on the Exchange Day 3 after the transaction date (T +3) or the same Exchange Day with the transaction date (T +0) for the last trading day Exchange Rights Preemptive .
Exchange Transaction Settlement Negotiations in Market-entry done directly by the selling Member and Member of Stock Exchange to buy and not guaranteed KPEI.
Transaction costs
Exchange members must pay a transaction fee to the Exchange, and KSEI KPEI calculated based on the value of Exchange Member pertransaksi as follows:
* Payable to the Exchange as Payer Pick, according to the applicable provisions.
Minimum transaction costs to be paid AB is Rp 2.000.000, – (two million rupiah) per month, including for AB in a state of suspension or freeze SPABnya;
Payment must be effective in the Exchange account every month no later than the calendar day of the next 12 months. In terms of calendar days to 12 (twelve) above falls on a Saturday or Sunday or a holiday then the obligation is effective on the next business day. Charged a late payment fine of 1% (one percent) per calendar day of delay.
Exchange members who do not fulfill their obligations no later than 5 days after the Exchange lampaunya payment deadline, then the next Exchange Members are also subject to a penalty of suspension until the completion of all obligations and payment of transaction costs penalties.
Detailed information regarding the procedures for securities trading can be seen in Exchange Rule Number II-A About Trade Securities.
Mengenal Saham
Shares /stock (harga saham) is one of the financial market instruments of the most popular. Issuing of shares is one of the options when the company decided to finance the company. On the other hand, shares a lot of investment instrument chosen because stock (harga saham) investors could provide an attractive rate of return.
Shares can be defined as a sign of one’s capital or parties (a company) in a company or limited liability company. By including the capital, then the party has a claim on corporate earnings, claims on corporate assets, and the right to attend the Annual General Meeting (AGM).
Basically, there are two benefits investors by purchasing or owning stock (harga saham):
1. Dividend
Dividend is a distribution of profits by the corporate sector and come from the company profitable. Dividends given after getting approval from shareholders in the AGM. If investors want to get a dividend, so investors must hold the stock (harga saham) over a relatively long time until the ownership of these shares are in a period which is recognized as a shareholder entitled to a dividend.
Company dividends may be distributed cash dividend – meaning to each shareholder is given the form of cash dividends in the amount of specific dollars for each share – or could also be a means of stock (harga saham) dividends to each shareholder is given a number of stock (harga saham) dividends so that the number of shares owned by a financier will increase with the stock (harga saham) dividend.
2. Capital Gains
Capital gain is the difference between purchase price and selling price. Capital gains made by the trading activity in the secondary market. For example ABC Investors buy shares at a price per share is USD 3000 and then sold it for Rp 3,500 per share, which means investors are getting capital gains of USD 500 for each share sold.
As an investment instrument, the stock (harga saham) has risks, among others:
1. Capital Loss
Is the opposite of Capital Gains, which is a condition in which investors sell shares is lower than the purchase price. Example of PT. XYZ are purchased at a price of Rp 2,000, – per share, and stock (harga saham) prices continue to decline to Rp 1400, – per share.
Fearing that stock (harga saham) prices will continue to fall, investors sell at the price of Rp 1,400, – those that suffered losses of Rp 600, – per share.
2. Liquidation Risk
Owned companies, declared bankrupt by a court, or the company dissolved. In this case the claim rights of shareholders last priority after all the obligations of the company may be paid (from the sale of the company’s assets). If there are still remaining from the sale of the company’s wealth, then the rest is distributed proportionally to all shareholders.
But if there are no remaining corporate property, then the shareholders will not get any results from such liquidation. This condition is a risk of the hardest of the shareholders. For that a shareholder is required to continuously follow the development of the company.
In the secondary market or the trading activities of daily stock (harga saham)s, stock (harga saham) prices fluctuated either increase or decrease. The formation of stock (harga saham) prices is due to the demand and supply of shares. In other words, stock (harga saham) prices are formed by supply and demand for the stock (harga saham). Supply and demand is a concern because of many factors, both the specific nature of these shares (the performance of companies and industries where the company is moving) and the nature of macro factors such as interest rates, inflation, exchange rates and factors such as non-economic social conditions and politics, and other factors.
Harga Saham
Saham & Obligasi
Stock price index is an indicator that shows the movement of stock prices. Index serves as an indicator of market trends, which means the movement of the index describes market conditions at any time, whether the market is active or lethargic.
With the index, we can know the trend of stock price movement today; whether it is rising, steady or falling. For example, if in the early months of the index value of 300 and currently at the end of the month to 360, then we can say that the average stock price increased by 20%.
The movement of the index becomes an important indicator for investors to determine whether they will sell, hold or buy one or several shares. Because stock prices move in a matter of seconds and minutes, then the index value moves up and down in a matter of time fast.
In the Indonesia Stock Exchange there are 6 (six) types of indexes, among others:
1.Individual index, using the price index of each share of basic price, or index of each share is listed on the Stock Exchange.
2.Sectoral Stock Price Index, using all the stocks included in each sector, eg financial sector, mining, and others. On the sectoral index IDX is divided into nine sectors: agriculture, mining, basic industry, various industrial, consumer, property, infrastructure, finance, trade and services, and manufacturing.
3.Composite Stock Price Index or JCI (Composite Stock Price Index), using all the shares listed as a component of the index calculation.
4.LQ 45 Index, the index comprising 45 stocks selected by referring to the 2 variables are trading liquidity and market capitalization. Every 6 months there are new stocks coming into the 45 LQ.
5.Shariah index or JII (Jakarta Islamic Index). JII is an index comprising 30 stocks to accommodate the Islamic Shari’a, or investment in the Index based on Islamic sharia. In other words, in this index included stocks that meet the criteria for investment in the Islamic Shari’a. Stocks included in the Sharia Index issuers whose business activities do not conflict with sharia as:
* Business gambling and gambling games or belonging to a banned commercial.
* Conventional financial institution (ribawi) including conventional banking and insurance.
* Businesses that produce, distribute and trade food and drink that are unlawful
* Businesses that produce, distribute and / or provide goods or services that are corrupt and harmful
6.Index Main Board and Development Board. Stock price index that is specifically based on a group of stocks listed on the Stock Exchange Main Board and the Development Board.
7.Index KOMPAS 100. Stock Price Index is the result of cooperation with the Indonesia Stock Exchange KOMPAS daily. This index includes 100 stocks with the process of determining the following:
1.JSE has been recorded in at least 3 months.
2.Shares are included in the calculation of JCI (Composite Stock Price Index).
3.Based on consideration of company fundamentals and stock trading patterns, IDX can be set to issue shares in the calculation process 100 stock price index.
4.Sign in with 150 shares of transaction value and frequency of transactions and the largest market capitalization in Regular, during the last 12 months.
5.From as many as 150 shares, then reduced this number to 60 stocks with the largest transaction value into account.
6.As many as 90 of the remaining shares and 40 shares sebnyak selected by considering the performance: the day the transaction and the frequency of transactions and value of market capitalization in the regular market, with the following process:
i. From the 90 remaining, 75 will be selected based on stock transactions in the regular market.
ii. Of these 75 stocks 60 stocks will be selected based on the frequency of regular market transactions.
iii. Of these 60 stocks 40 stocks will be selected based on market capitalization.
7.List of 100 stocks gained by adding a list of shares from the calculation point (e) plus a list of calculated grain stocks
8.List of stocks included in the KOMPAS 100 will be updated once every 6 months, or rather in February and in August.
Data harga saham 2010 di Jakarta dan Surabaya
| Code | Prev | Open | High | Low | Close | Change | Chart | Detail |
|---|---|---|---|---|---|---|---|---|
| AALI |
23,900
|
23,800
|
24,050
|
23,700
|
23,850
|
50
|
  |
  |
| ABBA |
55
|
56
|
56
|
55
|
56
|
1
|
|
|
| ABDA |
295
|
295
|
295
|
295
|
295
|
0
|
|
|
| ACES |
1,380
|
1,380
|
1,380
|
1,380
|
1,380
|
0
|
|
|
| ADES |
540
|
540
|
550
|
540
|
550
|
10
|
|
|
| ADHI |
385
|
380
|
390
|
380
|
390
|
5
|
|
|
| ADMF |
8,100
|
8,200
|
8,250
|
8,100
|
8,100
|
0
|
|
|
| ADMG |
135
|
132
|
135
|
131
|
133
|
2
|
|
|
| ADRO |
1,840
|
1,840
|
1,850
|
1,820
|
1,830
|
10
|
|
|
| AGRO |
120
|
123
|
128
|
121
|
126
|
6
|
|
|
| AHAP |
90
|
90
|
90
|
90
|
90
|
0
|
|
|
| AIMS |
115
|
115
|
115
|
115
|
115
|
0
|
|
|
| AISA |
350
|
300
|
350
|
300
|
350
|
0
|
|
|
| AKKU |
151
|
151
|
151
|
150
|
150
|
1
|
|
|
| AKPI |
1,020
|
1,020
|
1,040
|
1,020
|
1,030
|
10
|
|
|
| AKRA |
1,020
|
1,020
|
1,020
|
1,000
|
1,010
|
10
|
|
|
| AKSI |
113
|
113
|
113
|
113
|
113
|
0
|
|
|
| ALFA |
2,800
|
2,800
|
2,800
|
2,800
|
2,800
|
0
|
|
|
| ALKA |
800
|
800
|
800
|
800
|
800
|
0
|
|
|
| ALMI |
570
|
560
|
560
|
560
|
560
|
10
|
|
|
| AMAG |
93
|
93
|
95
|
93
|
95
|
2
|
|
|
| AMFG |
1,790
|
1,700
|
1,780
|
1,700
|
1,780
|
10
|
|
|
| AMRT |
910
|
900
|
950
|
860
|
950
|
40
|
|
|
| ANTA |
140
|
140
|
140
|
140
|
140
|
0
|
|
|
| ANTM |
2,100
|
2,100
|
2,125
|
2,075
|
2,100
|
0
|
|
|
| APIC |
200
|
200
|
200
|
200
|
200
|
0
|
|
|
| Sumber : duniainvestasi.com, berisi daftar harga saham harian,
harga saham setiapakhir bulan, daftar pemegang saham, harga saham gabungan. Pengertian rapat umum pemegang saham deviden dan istilah lain seputar saham |
||||||||
