scholarly journals The Effect of Ramadan on the Indonesian Sharia Stock Index

2021 ◽  
Vol 9 (1) ◽  
pp. 47
Author(s):  
Ulfiya Husen ◽  
Indo Yama Nasarudin ◽  
Faizul Mubarok
Keyword(s):  
Trading Volume ◽  
Abnormal Returns ◽  
Stock Index ◽  
Volume Activity ◽  
Public Consumption ◽  
Significant Difference ◽  
Event Study Method ◽  
Food And Beverage ◽  
The Moment ◽  
Securities Returns

<p><em>As the most prominent Muslim majority country globally, Ramadan is a viral religious celebration in Indonesia. This study aims to determine the effect of the month of Ramadan on the performance of Islamic stocks in food and beverage companies. This study uses the event study method with a paired sample t-test as a test instrument. Sharia stock performance uses variable returns, abnormal returns, trading volume activity, and variability of securities returns from 2013-2020 during Shaban, Ramadan, and Syawal. This study indicates that the return variable and trading volume activity have a significant difference at the moment and after the month of Ramadan. In contrast, the other tests have no difference. Directly, during the month of Ramadan, the level of public consumption increases along with increasing needs. Indirectly, the traditions of the month of Ramadan also affect performance in the capital market. This phenomenon will affect sentiment in stock transactions based on the festive atmosphere brought by the month of Ramadan.</em></p>

scholarly journals Analisis Reaksi Investor di Bursa Efek Indonesia pada Pelantikan Joko Widodo

2020 ◽  
Vol 12 (1) ◽  
pp. 50
Author(s):  
Komang Lia Karina ◽  
I Nyoman Sujana ◽  
M. Rudi Irwansyah
Keyword(s):  
Trading Volume ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Secondary Data ◽  
Wilcoxon Test ◽  
Stock Index ◽  
Stock Trading ◽  
Significance Level ◽  
Significant Difference ◽  
Before And After

This study aimed to analyze the reaction of investors on Indonesia Stock Exchange to the inauguration of the 8th President by observing whether there were any significant differences in abnormal returns and stock trading volume activities before and after the event. The observation period used in this study was 10 days, with details of each 5 days before and after the President's inauguration event that occurred on 20 October 2019. This research was quantitative research and used daily transaction data on the market capital as a secondary data source. The samples used were companies that were included in the LQ45 stock index for the period August 2019 - January 2020. A non-parametric test in the form of Wilcoxon test was used to test the hypothesis. The results of this study showed that there were no significant difference in abnormal return and stock trading volume activity in the period before and after the event. This was evidenced by the probability value above the significance level of 5%. Thus, the results of this study were stated that there was no reaction from the investor related to the event of the inauguration of the 8th President in Indonesia.

scholarly journals REAKSI PASAR MODAL INDONESIA TERHADAP PERISTIWA PENGESAHAN UU CIPTA KERJA 2020 (STUDI KASUS PERUSAHAAN YANG TERDAFTAR PADA LQ45)

2021 ◽  
Vol 8 (2) ◽  
pp. 168-188
Author(s):  
Rya Indriani ◽  
Mariana Mariana
Keyword(s):  
Hypothesis Testing ◽  
Abnormal Return ◽  
Trading Volume ◽  
Abnormal Returns ◽  
Job Creation ◽  
Rank Test ◽  
Volume Activity ◽  
Security Return ◽  
Significant Difference ◽  
Before And After

This study aims to analyze reaction of the Indonesian capital market about difference of average abnormal returns, trading volume activity, and security return variability between before and after the legalization of the Job Creation Act on October 5, 2020. This study used quantitative research with event study approach. The research sample is stocks registered in LQ45 with certain criteria determined used the purposing sampling method. Hypothesis testing used paired sample t-test and wilcoxon signed rank test. The results of the hypothesis testing show that: (1) There’s a significant difference in the average abnormal return between the period before and after the Job Creation Act legalization. (2) There’s no significant difference in the average trading volume activity between the periodsbefore and after the Job Creation Act legalization. (3) There’s a significant difference in the average security return variability between the period before and after the Job Creation Act legalization.Keywords: The Job Creation Act, Abnormal Return; Trading Volume Activity; SecurityReturn Variability

scholarly journals Reaksi Pasar Modal Atas Kenaikan The Federal Funds Rate Pada Tanggal 26 September 2018

2019 ◽  
Vol 29 (2) ◽  
pp. 854
Author(s):  
Anak Agung Gede Agung Indrayuda ◽  
I Made Sukartha
Keyword(s):  
Event Study ◽  
Abnormal Return ◽  
Trading Volume ◽  
Abnormal Returns ◽  
T Test ◽  
Stock Index ◽  
External Information ◽  
Volume Activity ◽  
Federal Funds ◽  
Federal Funds Rate

In the modern economic system, the role of the capital market is very important as a place where emiten and investors meet. Internal information and external information are needed by investors as a basis for consideration in investment decision making. By looking at the presence or absence of average abnormal returns and average trading volume activity around the event period, this study aims to examine the market reaction to the Federal Funds Rate increase on September 26, 2018. LQ45 is a stock index used as a sample in this study using a purposive sampling technique as a method in sample selection. This study uses one sample t-test, paired sample t-test, and Wilcoxon signed rank test as data analysis techniques. The finding of the significance of average trading volume activity around the event period indicates that the market reacted to the FFR increase on September 26, 2018. However, the results of the study showed no significance of average abnormal return around the event period. Keywords: event study, abnormal return, trading volume activity. Keywords : Event Study; Abnormal Return; Trading Volume Activity.

Reaksi Pasar Modal terhadap Peritiwa Pengeboman Gereja di Surabaya

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Cindy Agustina ◽  
Hadi Sumarsono ◽  
Edi Santoso
Keyword(s):  
Consumer Goods ◽  
Abnormal Return ◽  
Trading Volume ◽  
Abnormal Returns ◽  
Cumulative Abnormal Return ◽  
Manufacturing Companies ◽  
Volume Activity ◽  
Industry Sector ◽  
Significant Difference ◽  
The Church

This study aims to examine the extent of the capital market reaction in the form of cumulative abnormal returns and cumulative trading volume activity from the bombing of the Church in Surabaya 13 May 2018 both in 3 Manufacturing Sectors and as a whole Manufacturing Companies. This study involved 97 Manufacturing companies listed on the IDX. The results showed that there was a significant difference between cumulative abnormal return 2 days before and 2 days after the bombing of the Church in Surabaya May 13, 2018 in the Miscellaneous Industry Sector and Basic and Chemical Industries, while the Consumer Goods Sector there was no significant cumulative abnormal return difference. The results also showed that there was a significant difference between cumulative trading volume activity 2 days before and 2 days after the bombing of the Church in Surabaya May 13, 2018 in the Consumer Goods Sector and the Basic and Chemical Industry Sector, while in the Various Industry Sector there was no difference in cumulative trading significant volume of activity. Meanwhile, the overall Manufacturing Company results showed that there was a significant difference between cumulative abnormal return and cumulative trading volume activity 2 days before and 2 days after the bombing of the Church in Surabaya 13 May 2018.

scholarly journals REAKSI PASAR MODAL TERHADAP PENGUMUMAN PAKET KEBIJAKAN EKONOMI XVI (Studi Empiris Pada Saham Perusahaan Yang Masuk Dalam Indeks LQ 45)

2020 ◽  
Vol 14 (2) ◽  
Author(s):  
Tirsa Rante ◽  
Syaikhul Falah ◽  
Bill J.C Pangayow
Keyword(s):  
Economic Policy ◽  
Stock Prices ◽  
Trading Volume ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Study Data ◽  
Volume Activity ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Before And After

This study aims to analyze whether there are significant differences in abnormal returns before and after the announcement of economic policy XVI and trading volume activity before and after the announcement of XVI economic policy on November 16, 2018. This study uses event study, where observations of the average abnormal return are carried out. and the average trading volume activityduring the 11 day observation period. In this study data was obtained from the Indonesia Stock Exchange. The data used in this study include daily closing stock prices (closing price), daily stock trading volume, and the number of shares outstanding. The sample used amounted to 45 LQ45 index companies. The results of this study indicate (1) there is no significant difference in abnormal returns before and after the announcement of economic policy XVI (2) on the trading volume activity indicator there are significant differences before and after the announcement of XVI economic policy.

scholarly journals Reaksi Pasar Atas Pemilu Presiden 2014 (Studi Pada Emiten Yang Listing di Jakarta Islamic Index)

2015 ◽  
Vol 2 (3) ◽  
pp. 233
Author(s):  
Astuti Kurniawati ◽  
Leo Herlambang
Keyword(s):  
Trading Volume ◽  
Quantitative Research ◽  
Presidential Elections ◽  
Market Reaction ◽  
Abnormal Returns ◽  
Volume Activity ◽  
Event Study Method ◽  
Before And After ◽  
The Difference ◽  
Observation Period

The results of the presidential elections can provide a signal for investors to make decisions to invest. The purpose of this study was to determine the market reaction to the results of the presidential elections. Market reaction in this study is indicated by the presence of abnormal returns around the announcement date and the difference in trading volume activity before and after the announcement. This study is a quantitative research by using event study method with 25 issuers that listed on the Jakarta Islamic Index during the study period. The study was conducted during the 121 days consisting of 100-day estimation period and 21-day observation period. Statistical calculation in this study showed insignificant results both in the AAR and TVR. It means there is no impact from the announcement of the presidential election’s result because the investors may have been anticipating the result of the announcement.

scholarly journals Reaksi Pasar terhadap Peristiwa Politik 2019 di Indonesia

2021 ◽  
Vol 31 (7) ◽  
pp. 1746
Author(s):  
Ni Luh Dea Kemuning ◽  
Ida Bagus Teddy Prianthara ◽  
I Made Andika Pradnyana Wistawan
Keyword(s):  
Hypothesis Testing ◽  
Abnormal Return ◽  
Trading Volume ◽  
Abnormal Returns ◽  
Vice President ◽  
Volume Activity ◽  
Security Return ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Before And After

This study examines the information content in political events in 2019, namely the appointment of the president and vice president and the announcement of the Kabinet Indonesia Maju. Market reaction is measured by abnormal returns, security return variability, and trading volume activity. The observation period in this study was five days before and after the event, with a sample of 20 companies affiliated with the winner of the election and 25 companies at the announcement of the Indonesian Maju Cabinet. The results of hypothesis testing indicate that there is a difference in the average abnormal return in the event of the appointment of the elected president and vice president, but there is no difference in security return variability and trading volume activity. Furthermore, hypothesis testing shows that there is a significant difference in average trading volume activity before and after the announcement of the Kabinet Indonesia Maju, but there is no difference in abnormal return and security return variability. Keywords: Market Efficiency; Event Studies; Abnormal Returns; Security Return Variability; Trading Volume Activity.

scholarly journals ANALISIS REAKSI PASAR TERHADAP PENGUMUMAN RIGHT ISSUE (STUDI KASUS PADA SAHAM YANG TERDAFTAR DI ISSI)

2020 ◽  
Vol 6 (6) ◽  
pp. 1101
Author(s):  
Moch. Ali Fudin Al Islami ◽  
Imron Mawardi
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
T Test ◽  
Stock Index ◽  
Volume Activity ◽  
Statistical Tool ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Before And After ◽  
The Right

This research aims to find out and explain market reactioncaused by existing action corporate advertisement which is the right issue done by the issuer who was listed in Indonesia Sharia Stock Index period 2014-2016.There are 20 issuers who become the research sample with the period of observation is 29 days. The approach used in this research is quantitative approach by using event study method which is the approach that is specialized to analyze a particular event that is believed to have an impact or reaction. The focus of the research is to see the reaction shown by the change of Average Abnormal Return and Trading Volume Activity using one sample t-test and paired sample t-test. Data processing used a statistical tool of Stata version 14 by determining level of significance of 5%.The results of the research show that there is a significant average abnormal return before and after the right issue and there is a significant difference in trading volume activity before and after the right issue.Keywords: Sharia Stock, Right Issue, Abnormal Return, Trading Volume Activity

scholarly journals ANALISIS RETURN DAN LIKUIDITAS SAHAM SEBELUM DAN SESUDAH PENGUMUMAN RIGHT ISSUE DI BURSA EFEK INDONESIA

2018 ◽  
Author(s):  
Irdha Yusra
Keyword(s):  
Trading Volume ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Secondary Data ◽  
Bad News ◽  
Good News ◽  
Volume Activity ◽  
Significant Difference ◽  
Before And After ◽  
Rights Issue

The purpose of this study was to analyze the abnormal returns and trading volume activity before and after the announcement of the rights issue. This research is the event study using secondary data. 33 companies listed in Indonesia Stock Exchange from 2005 to 2009 were sampled using a purposive sampling method, which consists of 9 samples (good news) and 24 samples (bad news). The results of this study showed that there was no significant difference in abnormal return observation period 5 days, 15 days, 60 days, 90 days, 180 days before and after the announcement of the rights issue in the group of good news and bad news. While the volume of trading activity, trading volume activity differences are significant at the 5 day period prior to the announcement of the rights issue after the group bad news.

scholarly journals Event Study on the Crash of Airasia Plane: A Study on Travel and Leisure Companies Listed at Malaysian Stock Market

2018 ◽  
Vol 20 (1) ◽  
pp. 20 ◽  
Author(s):  
Tatang Ary Gumanti Ary Gumanti ◽  
Enni Savitri ◽  
Nurul Wahidatun Nisa ◽  
Elok Sri Utami
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Trading Volume ◽  
Abnormal Returns ◽  
Volume Activity ◽  
Stock Market Reaction ◽  
Standard Procedures ◽  
Significant Difference ◽  
Before And After ◽  
Leisure Industry

This study analyzes the Malaysian stock market reaction in the event of the crash of AirAsia plane on 28 December 2014. The analysis is focused on the travel and leisure industry as the crash would affect more on this type of industry. A total of 15 companies met the selection criteria. The study uses the event study standard procedures in testing the proposed hypotheses. Results show that abnormal returns after the crash tend to decrease, yet no significant abnormal returns were found in the period before and after the event. Median abnormal return after the event is significantly higher than before the event at the traditional level. Another finding shows that there is no significant difference in trading volume activity between before and after the event.

Sign in / Sign up

Export Citation Format

Share Document