scholarly journals Analysis of Sharia Stock Prices and Trading Volume Before and After the Announcement of Covid 19

2020 ◽  
Vol 2 (2) ◽  
pp. 159-168
Author(s):  
Ahmad Eko Saputro
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Trading Volume ◽  
Significant Decline ◽  
Before And After ◽  
The Capital Market

This study analyzes the significance of the movement of sharia stocks incorporated in the Jakarta Islamic Index (JII) before and after the announcement of covid 19 in Indonesia on March 2, 2020 and analyzes the significance of trading volume on the capital market before and announced Covid 19 in Indonesia. From the analysis and discussion it can be seen that JII overcame a significant decline after the announcement of covid 19 (Sig. 2-tailed value 0,000 and a positive 1.61.84. While the trading volume increased significantly after it was announced covid 19 in Indonesia (Sig. 2- tailed amounting to 0,000 and an average of -608,745,775.0).

scholarly journals Capital Market Reaction Analysis Before and After Bank Indonesia's Decision Regarding Interest Rates

Academia Open ◽  
2021 ◽  
Vol 3 ◽  
Author(s):  
Putri Yuliean Fajarwati ◽  
Nurasik
Keyword(s):  
Interest Rates ◽  
Capital Market ◽  
Trading Volume ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Study Data ◽  
Average Abnormal Return ◽  
Before And After ◽  
The Capital Market

The development of capital market activities can not be separated from the role of investors as investors and disclosure of information as consideration of investor decision making.This research aims to find out how the capital market reacts before Bank Indonesia's decision on interest rates.And to find out how the capital market reacted after Bank Indonesia's decision on interest rates.This research uses quantitative research that is event study. Data collection of financial statements at the Investment Gallery of the Indonesia Stock Exchange, University of Muhammadiyah Sidoarjo.The population in this study includes LQ45 companies that have been listed on the Indonesia Stock Exchange, with sampling techniques namely total sampling.Data analysis using T-test. The results of this study prove that there is a difference in the average abnormal return before and after Bank Indonesia's decision on interest rates as evidenced by the value of Sig.(2-tailed) is 0.000 less than 0.005 and there is a difference in average trading volume activity before and after Bank Indonesia's decision on interest rates as evidenced by the value of Sig.(2-tailed) 0.000 less than 0.005.

scholarly journals Capital Market Reaction to Announcements the First Case of Coronavirus

2021 ◽  
Vol 5 (1) ◽  
pp. 54-58
Author(s):  
Tiara Putri Nadiwa ◽  
Irni Yunita
Keyword(s):  
Capital Market ◽  
Trading Volume ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Wilcoxon Test ◽  
Volume Activity ◽  
First Case ◽  
Before And After ◽  
The Capital Market ◽  
Normally Distributed

The more important the role of the stock exchange in economic activity, the more sensitive the stock exchange is to various surrounding events, whether they are directly related to economic issues or not. The announcement of the first case of the coronavirus in Indonesia is one of the events that have the potential to affect market behavior. This study aims to analyze the reaction of the capital market to the announcement of the first case of the coronavirus in Indonesia. This study used an event study approach with measurements seen from differences in abnormal returns and trading volume activity before and after the event. The research sample was 45 companies selected by the purposive sampling technique. Data analysis used paired sample t-test on normally distributed data and Wilcoxon test on data not normally distributed. The results showed that there was no difference in abnormal returns and trading volume activity before and after the announcement of the first case of the coronavirus in Indonesia. This study concludes that events do not contain significant information that can influence investors' decisions in the capital market.

scholarly journals REAKSI PASAR MODAL INDONESIA TERHADAP PERISTIWA BENCANA ALAM TSUNAMI DI ACEH TANGGAL 26 DESEMBER 2004

2018 ◽  
Vol 13 (2) ◽  
Author(s):  
Nungky Viana Feranita
Keyword(s):  
Natural Disaster ◽  
Capital Market ◽  
Stock Prices ◽  
Abnormal Return ◽  
Trading Volume ◽  
Economic Environment ◽  
Volume Activity ◽  
Average Abnormal Return ◽  
Before And After ◽  
Disaster Event

As one of an instrument of economy, capital market can not be separated from influence that amend in its environment, either occur in macro economic, micro economic or non-economic environment. This research is one of the event study which examined in how the reaction of Indonesian capital market toward event that occur in an non-economic environment which is tsunami natural disaster in Aceh, December 26th, 2004.The purpose of this research is to examine stock prices reaction and trading volume activities in Jakarta Stock Exchange (JSX) toward tsunami natural disaster event in Aceh, also to examine whether there are any differences in average abnormal return and average trading volume activity before and after tsunami natural disaster event in Aceh. The samples are generated from stocks that have the biggest market capitalization in JSX which are often listed in LQ45 in period August, 2003 until January, 2008.The result of test using SPSS with 95% confidence level shows that JSX was not responded toward tsunami natural disaster event in Aceh. This is shown by no abnormal return during event period, no difference of average abnormal return before and after event, and no difference of average trading volume activity before and after tsunami natural disaster event in Aceh.

scholarly journals The effect of announcement as the host of XVIII Asian Games on the Indonesian stock market

2020 ◽  
Vol 17 (1) ◽  
pp. 109-118
Author(s):  
Andreas ◽  
Tatang Ary Gumanti ◽  
Uliya Nurjannah ◽  
Intan Nurul Awwaliyah
Keyword(s):  
Capital Market ◽  
Trading Volume ◽  
Stock Exchange ◽  
Investment Decision ◽  
Abnormal Returns ◽  
Market Participants ◽  
Significant Difference ◽  
Before And After ◽  
Study Methodology ◽  
The Capital Market

In 2014, Indonesia was announced to be the host the 2018 XVIII Asian Games, the biggest sports event in Asia. This announcement is expected to positively impact the country’s economy and investors as there would be thousands of spectators from both the country and overseas. A direct impact of the event is that Indonesia would prepare the entire venue. This study examines whether the capital market participants react to the announcement. For this purpose it tests a total of 25 companies in the infrastructure, utility, and transportation sectors listed on the Indonesia Stock Exchange. A standard event study methodology is employed to examine the existence of abnormal returns around the event. The results show the abnormal returns on two days before and two days after the announcement. However, overall, there are no significant abnormal returns before and after the announcement. The study does not find a significant difference of abnormal returns before and after the announcement. Besides, there was no difference in trading volume activity before and after the announcement as the host of the XVIII Asian Games. In summary, the capital market participants do not consider the event to be a significant issue that determines their investment decision in the capital market.

scholarly journals REAKSI PASAR MODAL INDONESIA (BEI) TERHADAP RESHUFFLE KABINET

2013 ◽  
Vol 1 (2) ◽  
Author(s):  
Uke Prajogo
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Effective Means ◽  
Abnormal Returns ◽  
Share Price ◽  
Expected Return ◽  
Before And After ◽  
The Right ◽  
The Capital Market

The capital  market  is one of the important  financial  sector in the economy of a country. The capital market  is one of the effective  means to facilitate  long-term  funds held  by the public  to be channeled   in productive   sectors.  Capital  market  as one of the economic  instruments  is influenced  by events that  contain  information  for investors.  In- creasingly  important  role of capital  markets  in the economy  of a country, the more sensi- tive the capital  market  to various  events around  him. This study aims to assess the capital market  reaction  to the announcement   of United  Indonesia  Cabinet  reshuffle  vol 2 which took  place  on  October   19, 2011.  This  research  is quantitative   descriptive.   Assessment Cabinet  Reshuffle  reaction  to the announcement   of the stock price movement  LQ45 done through  observation   of price  movements,   abnormal  returns  (abnormal  returns),  Capital Asset  Pricing  Model  (CAPM),  and to Varibility  Reward  Ratio  (RV) during  the observa- tion period of 14 days before and 14 days after the announcement  date. The results showed that the announcement   of the cabinet  reshuffle,  do not give too strong  an influence  on the movement  of stock prices,  this  is evidenced   in the average  stock  price  and the average abnormal  return  is experiencing   fluctuating  movements  in the period of United Indonesia Cabinet  reshuffle  Volume  2. There  is no visible  trend  of the market  overreacted   to the emergence   of a significant  price  fall or rise  significantly.   Based  on this, there  is no sig- nificantrelationship    between abnormal  returns before and after the cabinet reshuffle which was conducted  on October  19, 2011.  Pessimistic   attitude  toward  improved  market  per- formance  of the post-reshuffle   cabinet  ministers  are also an indication  that the market  is not  overl    action  resulted  in the  announcement   of the    overnment's   cabinet  reshuffle. This study also showed  that agriculture,  mining, and chemical  industry  base, a variety of industries,   finance  and trade  in services  and investment   sector  was  the most  good  for investment  because  of the calculation  CAPM  expected  return  E (Ri) produced  smaller than  the average  expected  return  is realized  (Av.Ri) per sector  and the  low share  price means  the right time to invest. For Industrial  and Chemical  sector is a sector that is at the top rank has a value of -0.15987  and is the most affected  sectors.  While a good stock for investment  is INTP, SMGR, KRAS,  and CPIN. Top ranked  stocks are INTP that has the highest     value    that    is  equal    to   -0.09966     and   is   the   most    affected     stocks.

scholarly journals Harga Saham Sebelum dan Sesudah Stock Split

2020 ◽  
Vol 3 (2) ◽  
pp. 390-395
Author(s):  
Junita Putri Rajana Harahap ◽  
Murni Dahlena Nasution
Keyword(s):  
Event Study ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Research Method ◽  
Price Difference ◽  
Significant Difference ◽  
Stock Split ◽  
Before And After ◽  
A Company

The stock split causes the stock price to be cheaper so that it will attract potential investors to buy the stock. This research was conducted to determine when it is time for a company to do a stock split, information available on the capital market can be used by investors for consideration before investors make a decision to invest in shares. The study aims to determine the changes that occur in stock prices before and after the stock split policy by the company. The research method used in this research is event study research with a quantitative approach. This study examines how significant the stock price difference is after a stock split policy. The sample used in this study were all companies that carried out the 2016-2018 stock split policy. The results of research on companies that become samples have shown that the average stock price before the announcement of the stock split policy has no significant difference with the average stock price after the announcement of the stock split policy Keywords : Stock Price, Stock Split

Analisis Pengaruh Tingkat Harga Saham, Return Saham, dan Volume Perdagangan Saham terhadap Stock Split ISSI Periode 2015– 2020

2021 ◽  
Vol 4 (2) ◽  
pp. 234-245
Author(s):  
Farhan Maulana ◽  
Ahmad Mulyadi Kosim ◽  
Abrista Devi
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Return ◽  
Positive Impact ◽  
Secondary Data ◽  
Normality Test ◽  
Stock Split ◽  
Before And After ◽  
Sample Test

For companies that collect funds from the public through capital from capital market, it can be used to meet capital needs and finance the company’s operation. So that company is expected not to rely on commercial debt financing both from within the country and abroad. With stock split, it is hoped that it will increase investors’ interest in buying affordable shares. This study aims to determine whether the stock split has an effect on stock prices, trading volume, and stock return. The method used by the researcher uses quantitative secondary data methods by using descriptive statistical data test, then use the kolgomorov smirnov normality test, and using theaverage paired sample test. The results of this research is that: 1) stock price have a significant effect after the stock split occurs, 2) while the trading volume has no significant effect after the stock split occours, 3)  then stock return has a siginificant impact before and after the stock split because it is expected to have a positive impact for issuers and investors.

scholarly journals Market Reaction Analysis of Annual Report Award Announcement: An Event Study Using Abnormal Return, Trading Volume Activity, and Stock Price

2020 ◽  
Vol 4 (1) ◽  
pp. 340
Author(s):  
Fitri Astuti ◽  
Anggi Setya Prayoga
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Abnormal Return ◽  
Trading Volume ◽  
Annual Report ◽  
Market Reaction ◽  
Abnormal Returns ◽  
Volume Activity ◽  
Event Window ◽  
Before And After

This study intends to examine the differences in market reaction around the announcement of the Annual Report Award which is not only measured by abnormal return but is also measured using trading volume activity and stock prices. The data used are quantitative data in the form of a list of companies that received the Annual Report Award for the 2015-2018 period, the daily closing price of the ARA-winning company in the event window, the composite stock price index, the number of shares traded, and the number of shares outstanding. The event window is selected for 11 days because the long window period will blend with the effects of other events or confounding effects. The results of the study concluded that the market reacted around the announcement of the Annual Report Award for the 2015-2018 period measured using abnormal returns, trading volume activity, and stock prices. There is no difference in abnormal returns before and after the announcement of the 2013-2016 Annual Report Award period. Instead there are differences in trading volume activity and stock prices before and after the announcement of the Annual Report Award for the 2015-2018 period.

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

2021 ◽  
Vol 1 (1) ◽  
pp. 13-24
Author(s):  
Yana Ameliana Yunus
Keyword(s):  
Stock Prices ◽  
Trading Volume ◽  
Financial Risk ◽  
Optimal Portfolio ◽  
Stock Trading ◽  
Significant Difference ◽  
Before And After ◽  
Insignificant Difference ◽  
Trading Volumes ◽  
Rights Issue

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.

scholarly journals Retrospective of Macedonian capital market for the last ten years (from 2004 to 2013)

2014 ◽  
Vol 4 (3) ◽  
pp. 102-118
Author(s):  
Janka Dimitrova ◽  
Risto Fotov ◽  
Olivera Gjorgieva Trajkovska ◽  
Marija Todorovska
Keyword(s):  
Economic Crisis ◽  
Capital Market ◽  
Stock Prices ◽  
Global Economy ◽  
Trading Volume ◽  
Negative Impact ◽  
Stock Exchange ◽  
Political Situation ◽  
Negative Effect ◽  
Exchange Operation

Investments on the capital market depend on the current political situation of the country, as well as on the movements of the global economy. In countries with unstable political situation, the performance of the stock exchange declines, unlike politically stable countries, where stock exchange operation is carried out continuously, the stock exchange is a mirror and a barometer of general developments in a society. The economic crisis that spread all around the world in 2008, triggered the strongest negative effect on the capital markets, both on the trading volume and on securities’ prices. Prices of securities were falling overnight and stock indices also. In most cases an absurd situation occurred, where although companies showed good financial results and had promising investment activities, stock prices were still falling because of the euphoric panic that investors would lose their ventures, so they sought to take the last chance to save what can be saved. Macedonian capital market, although relatively young, experienced its flourish in 2006 and 2007, but also felt and still feels the effects of the global economic crisis. The beginning of that negative impact was first felt in the last quarter of 2007, and was more evident in 2008 and onwards. The numbers were most disappointing in 2013 both in terms of trading volume and in terms of number of transactions.

Sign in / Sign up

Export Citation Format

Share Document