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Research Paper | Management | Indonesia | Volume 6 Issue 2, February 2017 | Popularity: 6.8 / 10

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Calculation of Index and Characteristic of ICT (Information and Communication Technology) Stock Sector in IDX (Indonesia Stock Exchange)

Steven, Tony Irawan, Trias Andati

Abstract: The ICT sector (Information and Communication Technology) is a sector that is rapidly growing both in Indonesia and in the world. The growth of the ICT sector itself has the highest percentage growth of Indonesian GDP about 10 % by 2015 above other sector. This fact indicates that the ICT sector has grown very quickly compared to other sector. The objectives of this study are assort and calculate ICT stock index and saw the dynamic of stock prices reflected in the ICT sector share price index and analyze the characteristics of shares contained in the ICT stock index. Result of this study show that there was 31 issuers categorized into shares of ICT sector based in ISIC Rev.4. ICT stock index have abnormal movement caused by JECC issuer, if this issuer excluded from ICT stock index then the index movements become more normal. ICT stock index has a fluctuating movement and has a similar trend with JCI. It is known from the high value of the correlation between JCI and ICT stock index (correlation value is 0.9). ICT stock index performance during the research period showed a daily average return is higher than JCI. In addition the largest market capitalization which became the index movers of ICT stock index during the period of the research was JECC and TLKM. The results of the stock analysis characteristic indicates that in General, ICT stock index has defensive characteristic stocks or have beta less than 1. In addition, the fundamental conditions of the company also has a relationship with beta stock, when EPS, BVS, PBV, DER and ROA increased, the beta stock will be increased too.

Keywords: ICT stock index, beta, Indonesia Stock Exchange IDX, Information and Communication Technology

Edition: Volume 6 Issue 2, February 2017

Pages: 396 - 400

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