The Correlation Between The Covid-19 Pandemic And Disparities In Stock Prices, Transaction Volume, And Abnormal Returns Within The Transportation Sector
DOI:
https://doi.org/10.32528/issh.v2i3.330Keywords:
COVID-19, Stock Price, Transaction Volume, Abnormal ReturnAbstract
The COVID-19 pandemic poses a threat to many economic growth in a country. This has a significant impact on the driving sectors of the economy. One of them is that the transportation sector has an important role in people's lives which is driven by an increase in people's needs for mobility and transportation of goods throughout. Data collection with the method of documentation and data sources from secondary data. The event study method was used in this study to determine the response of stocks from the capital market to certain events that contain or do not contain information and cause the market to react positively or negatively. It can be used to test the information content of an announcement and can also be used to test semi-form market efficiency. strong. This study proves that there are significant differences in stock prices and stock transaction volumes, but there are no significant differences in abnormal returns after the COVID-19 pandemic in Indonesia. The share price shows an increase after the COVID-19 pandemic. This research also proves that there are significant differences in trading volume before and after the COVID-19 pandemic in the transportation sector listed on the Indonesia Stock Exchange because it has a significance probability value. The volume of stock transactions has increased after the COVID-19 pandemic. Based on testing for abnormal returns on 31 days before and after the Covid-19 pandemic, it stated that there were no significant differences in the transportation sector listed on the Indonesia Stock Exchange (IDX).
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