1. Home
  2. Vol 8, No 3 (2022)
  3. Rimbano

Impact of Covid-19 on changes in stock prices and the volume of transactions In BUMN (lQ45)

Dheo Rimbano (1), Weni Susanti (2), Yuli Nurhayati (3), Catur Windaryadi (4), Rudi Azhar (5),
(1) Universitas Bina Insan  Indonesia
(2) Universitas Tridinanti  Indonesia
(3) Universitas Bina Insan  Indonesia
(4) Universitas Bina Insan  Indonesia
(5) Universitas Bina Insan  Indonesia

Corresponding Author


DOI : https://doi.org/10.29210/020221563

Full Text:    Language : en

Abstract


The problems in this study are the decrease in the share price and the increase in the volume of stock transactions in BUMN listed in LQ45 as well as the number of positive confirmed cases of fluctuating COVID-19 affected by the spread of COVID-19 which is increasingly widespread, causing a higher level of panic in the capital market. This research uses quantitative research methods with comparative and associative research types. This data collection is by observation and documentation with a span of 60 days. Based on the results of the paired t-test, it shows that the comparison between the share price before and after the national announcement of COVID-19 cases in Indonesia has a value (sig.) of 0.000 < 0.05. Based on the results of the wilcoxon signed rank test, it shows that the comparison between the volume of transactions before and after the national announcement of COVID-19 cases in Indonesia has a value (sig.) of 0.000 < 0.05. Based on the results of the Regression Weights in path analysis, it shows that the Stock Price variable has a standardized Regression Weights value of -0.438, and the transaction volume variable has a value of 0.650. So it can be concluded that there is a significant difference between the share price and volume in BUMN registered in LQ45 before and after the national announcement of COVID-19 cases in Indonesia, and there is a significant influence between the number of positive confirmed cases of COVID-19 on the share price and the volume of transactions in BUMN registered in LQ45 during the COVID-19 pandemic in Indonesia.

Keywords


COVID-19, Stock Price, Transaction Volume, Path Analysis

References


Agustiawan, K. E., & Sujana, E. (2020). Reaksi Pasar Modal Indonesia Sebelum dan Sesudah Pengumuman Kebijakan Pemerintah Tentang Status Darurat Bencana Covid-19. Jurnal Akuntansi Profesi, 11(2), 293–302.

Ashraf, B. N. (2020). Stock markets’ reaction to COVID-19: Cases or fatalities? Research in International Business and Finance, 54, 101249.

CNNIndonesia.com. (2020). Kilas Balik Pandemi Covid-19 di Indonesia.

Covid19.go.id. (2020a). Komite Penanganan COVID-19 dan Pemulihan Ekonomi Nasional. https://covid19.go.id/

Darmayanti, N., Mildawati, T., & Susilowati, F. D. (2020). Dampak Covid-19 terhadap perubahan harga dan return saham. EKUITAS (Jurnal Ekonomi Dan Keuangan), 4(4), 462–480.

Febriyanti, G. A. (2020). Dampak pandemi Covid-19 terhadap harga saham dan aktivitas volume perdagangan (Studi kasus saham LQ-45 di Bursa Efek Indonesia). Indonesia Accounting Journal, 2(2), 204–214.

Gendro Wiyono, H. K. (2021). Manajemen Keuangan Lanjutan Berbasis Corporate Value Creation.

Ghozali, I. (2017). Model persamaan struktural konsep dan aplikasi dengan program AMOS 24. Semarang: Badan Penerbit Universitas Diponegoro.

Hanim, A., & Ragimun, R. (2010). Analisis Faktor-Faktor yang Mempengaruhi Minat Investasi di Daerah: Study Kasus di Kabupaten Jember Jawa Timur. Kajian Ekonomi Dan Keuangan, 14(3), 3–20.

Hartono, J. (2017). Teori portofolio dan analisis investasi edisi kesebelas. Yogyakarta: Bpfe.

Indriastuti, A., & Nafiah, Z. (2017). Pengaruh volume perdagangan, kurs dan risiko pasar terhadap return saham. Jurnal Stie Semarang (Edisi Elektronik), 9(1), 57–66.

Investor.id. (2020). Saatnya Koleksi Saham BUMN. https://investor.id/editorial/saatnya-koleksi-saham-bumn

Jatmiko, A. (2020). Masih Diiringi Sentimen Negatif, Analis Nilai Saham BUMN Sulit Pulih. https://katadata.co.id/agungjatmiko/finansial/5ea5401facb6b/masih-diiringi-sentimen-negatif-analis-nilai-saham-bumn-sulit-pulih

Mangindaan, J. V., & Manosoh, H. (2020). Analisis Perbandingan Harga Saham PT Garuda Indonesia Persero (Tbk.) Sebelum dan Sesudah Pandemi Covid-19. Jurnal Administrasi Bisnis (JAB).

Nurmasari, I. (2020). Dampak covid-19 terhadap perubahan harga saham dan volume transaksi (Studi kasus pada PT. Ramayana Lestari Sentosa, Tbk.). Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 3(3), 230–236.

Nuryadi, N., Astuti, T. D., Sri Utami, E., & Budiantara, M. (2017). Dasar-Dasar Statstk Penelitan. Sibuku Media.

Sugianto, D. (2020). Perjalanan IHSG Sejak RI Posisif Virus Corona. https://finance.detik.com/bursa-dan-valas/d-4972595/perjalanan-ihsg-sejak-ri-positif-virus-corona

Sugiyono, P. D. (2009). Metode Penelitian Kuantitatif Kualitatif Dan R &D, Alfabeta. Denzin, NK, & Lincoln, S. Yvonna.

Suyanto & Gio, P. U. (2017). Statistika nonparametrik dengan spss, minitab, dan r. Medan: USU Press.

Umam, K., & Sutanto, H. (2017a). Manajemen investasi. Pustaka Setia.

Ushuaia, T., & Prabawani, B. (2016). Analisis Perbedaan Harga, Volume Perdagangan, Dan Return Saham Sebelum Dan Sesudah Informasi Akuisisi Pada Industri Telekomunikasi Dan Properti. Jurnal Administrasi Bisnis UNDIP.

Wenno, M. (2020). Dampak Covid-19 Terhadap Perubahan Harga Saham Dan Volume Transaksi (Studi Kasus Pada PT. Bank Mandiri. Tbk). Soso-Q: Jurnal Manajemen, 8(2), 84–91.

Wiagustini, N. L. P. (2010). Dasar-dasar manajemen keuangan. Denpasar: Udayana University Press.

Wicaksono, C. A., & Adyaksana, R. I. (2020). Analisis Reaksi Investor Sebagai Dampak Covid-19 Pada Sektor Perbankan di Indonesia. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi).

Winanti, A. (2021). Dampak Covid-19 Terhadap Harga Saham Bank Syariah di Bursa Efek Indonesia. Jurnal Sekuritas (Saham, Ekonomi, Keuangan Dan Investasi), 4(2), 96–104.


Article Metrics

 Abstract Views : 584 times
 PDF Downloaded : 0 times

Refbacks

  • There are currently no refbacks.