Comparison of Sharia Stock Prices and Trading Volumes Before and During COVID-19

Yana Ameliana Yunus

doi:10.52970/grfm.v1i1.111

Abstract

Before making an investment, entrepreneurs or investors must consider the benefits and financial risks obtained. So, investors need to take action in investing, meaning that investors need to form a portfolio by selecting several assets so that financial risk can be minimized without reducing the expected. The COVID-19 pandemic has significantly impacted the economy, especially investors, informing an optimal portfolio. This study aims to determine the optimal portfolio formation during the COVID-19 pandemic. In this study measurement, we used variables in the form of stock prices and stock trading volumes before and during COVID-19 pandemic. This study shows a comparison, but not so significant, between stock prices before and during the pandemic. Based on the survey conducted, the following results were found, i.e., first, shows an insignificant difference between prices before and after the rights issue announcement. The stock trading volume indicates a significant difference between the stock trading volume before and after the rights issue; trading volume increases after the information of the rights issue. By implementing companies affected by COVID-19 pandemic, we can watch the prices that occur around the announcement date. Investors can make a reason about their investments in shares of issuers affected by COVID-19 pandemic.

Highlights

The capital market, in general, is an activity that has to do with public offerings and securities trading, every public company dealing with securities issued, and institutions and professions related to securities
By implementing companies affected by COVID-19 pandemic, we can watch the prices that occur around the announcement date
Investors can make a reason about their investments in shares of issuers affected by COVID-19 pandemic

Summary

Introduction

The capital market, in general, is an activity that has to do with public offerings and securities trading, every public company dealing with securities issued, and institutions and professions related to securities. The capital market has a vast and vital role in the economy of a country. This is because the capital market will carry out two functions at once: economics and finance. The capital market is closely related to various products in the form of ideas, cultural products, and globalization products adopted from the Conventional Economic System, namely the Islamic Capital Market (ICM). The beginning of the dominant ICM was inspired by the Conventional Capital Market (CCM).

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Conclusion