Pengujian Monday Effect dan Weekend Effect Terhadap Return Saham Perusahaan di Jakarta Islamic Indeks (JII) Periode Sebelum dan Sesudah Covid - 19

Abstract

Covid-19 is a pandemic event that has caused the world economy to have been drastically affected, including activities that occur in the capital market. The existence of this pandemic period has become an impetus for testing the phenomenon of the Monday Effect and Weekend Effect on Company Stock Returns in the Jakarta Islamic Index (JII) Period Before and After Covid-19. This study aims to determine the significant difference in returns stock returns that occurred between Monday before Covid-19 and after Covid-19 at the Jakarta Islamic Index (JII), To find out the significant difference in stock returns that occurred between Friday before Covid-19 and Friday after Covid-19 in Jakarta Islamic Index (JII). The type of research used is a quantitative approach, the method of collecting data is the documentation technique and the sampling method is the purposive sampling technique. The analytical technique used is the Kolmogorov - Smirnov Normality Test, the Independent Sample t - test, and the Kruskal Wallis Test. This study proves that There is a significant difference between stock returns Monday before Covid 19 and stock returns Monday after Covid 19. This can be seen from the significance value of 0.000 < 0.05, There is a significant difference between stock returns today Friday before Covid-19 with stock returns on Friday after Covid 19. This can be seen from the significance value of 0.000 <0.05.