PENGUJIAN FENOMENA JANUARY EFFECT DI BURSA EFEK INDONESIA PADA TAHUN 2013 – 2015

January Efeect is the anomaly that presents high stock returns in January than in other months. January Effect intended that investors may sell stocks that have low values at the end of the year and sell stocks that are profitable to attract investors back in the beginning of the year. The sample in this study using purposive sampling.Sampel stock consists of 27 companies in the index LQ 45 were active in the period 2013-2015. The statistical method used to test the hypothesis is Independent Sample T test were processed by SPSS 20. The results showed that the January effect occurred in 2013 in the Indonesia Stock Exchange Stock Return visits of variables Kata kunci :January effect,Return saham, Trading Volume Activit