ANALISIS VOLUME PERDAGANGAN TERHADAP HARGA SAHAM PADA INDUSTRI PERTANIAN DAN PERTAMBANGAN DI BURSA EFEK INDONESIA

The main purpose of this study was to test the relationship the volume-prices of agricultural and mining industries in the Indonesia Stock Exchange using the method of panel. In this study, the volume of trade in the decomposition into trading frequency and number of shares. The data used are the monthly data from the years 2012-2013 were taken from IDX statistics. The calculation result proves that the trading frequency (X1) significant positive effect on prices for the agricultural industry and for the mining industry is not significant. Number of shares (X2) significant negative effect on the price of the agricultural industry and the mining industry. For frequency trading (X1) test results are not consistent influence on the price between the two industries, but to the number of shares (X2) test results are consistent between the two industries. This is in accordance with the statement of Sun (2003) that the volume of trade could have a relationship with stock prices in various ways. Relationship the volume-price can be positive or negative (Sun 2003). Keywords : Trading frequency, number of share, price, panel mode