DOES COVID-19 AFFECT STOCK MARKET PRICES? (Case Study on the Impact of Designating Covid-19 as a Global Pandemic)

Amsal Irmalis, Hanafi Asnan, Damrus Damrus

Abstract


This research is a case study that aims to trace market reactions caused by an event in the form of non-economic circumstances which is Covid-19.  The data used in this study is the closing price of each sectoral index from the Indonesia Stock Exchange. The data are taken cover the period of 5 days before and after the determination of covid-19 as a global pandemic. In this study hypothesis testing using paired sample t-test. , there is a significant difference in the stock price index on the Indonesian stock exchange before and after the determination of Covid-19 as a global pandemic.

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References


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DOI: https://doi.org/10.35308/jbkan.v5i1.3469

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