Abstract
The purpose of this research to examine the impact of the Covid-19 on stock prices and trading volume activity on listed firms of Index LQ-45 on the Indonesia Stock Exchange. The first case of the Covid-19 in Indonesia was announced on March 2nd, 2020. This research is to find out whether there are average abnormal returns and transaction volume of the stock company listed in Index LQ-45 before and after of event the first case of the Covid-19 in Indonesia was announced on March 2nd, 2020. These data have been taken for 30 days before and 30 days after the first announcement of Covid-19 in Indonesia. The result of the paired sample test shows that there is a significant difference in the abnormal return of stock company listed in index LQ-45 between before and after the first announcement of the Covid-19 case in Indonesia. This is indicated by the significance value of 0,008 < 0,05 which the stock prices decreased after the first announcement of the Covid-19 case in Indonesia. The volume transaction also shows different significance. The transaction volume after the announcement of shares shows an increasing value.
Highlights
The purpose of this research to examine the impact of the Covid19 on stock prices and trading volume activity on listed firms of Index LQ-45 on the Indonesia Stock Exchange
Diniar dan Kiryanto (2015) menunjukkan bahwa pemilihan presiden tanggal 9 Juli 2014 memberikan perubahan terhadap abnormal return saham dan Trading Volume Activity (TVA) yang signifikan pada 5 hari sebelum dan sesudah pemilu
Pengaruh faktor internal dan eksternal terhadap harga saham industri perdagangan eceran di Bursa Efek Indonesia
Summary
Article info: Received 8 October 2020 Accepted 10 December 2020 Available online 10 December 2020. Dampak pandemi Covid-19 terhadap harga saham dan aktivitas volume perdagangan (Studi kasus saham LQ-45 di Bursa Efek Indonesia)
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