ANALISIS PERBANDINGAN HARGA SAHAM DAN VOLUME PERDAGANGAN SAHAM PERUSAHAAN SUB SEKTOR FARMASI YANG TERDAFTAR DI BEI SEBELUM DAN SAAT PANDEMI COVID-19
Abstract
The Covid-19 case was first announced in Indonesia on March 2, 2020. The Covid-19 pandemic is an emergency event that has a significant impact on human life, both in terms of health and the economy, including on stock markets around the world. This study aims to analyse the comparison of stock prices and stock trading volumes of pharmaceutical sub-sector companies listed on the IDX before and during the Covid-19 pandemic. The research method used is a comparative method with quantitative approach. The data used is secondary data in the form of closing price, total shares outstanding, and total shares traded for a period of 12 months before the announcement of the Covid-29 case and 12 months after the announcement of the Covid-19 case in Indonesia. The research sample consisted of 10 companies, taken using a non-probability sampling method with a saturated sample technique. The data was processed using the Wilcoxon Signed Rank Test, using SPSS version 25. The results showed that there were differences in stock prices and stock trading volumes before the announcement of the Covid-19 case and after the announcement of the Covid-19 case in Indonesia. Where during the Covid-19 pandemic, stock prices increased with a significance value of 0.023 < 0.05 and stock trading volume also increased with a significance value of 0.000 < 0.05.
Keywords: Stock Prices, Stock Trading Volume, Covid-19 Pandemic, Pharmacy
Full Text:
PDFReferences
Alfian, A., Ritchi, H., Andrianto, Z., Setiono, K., & Sugianto, L. (2021). Construct
Identification on Blockhain Implementation In. 7(1), 82–90.
Baker, S. R., Bloom, N., Davis, S. J., Kost, K., Sammon, M., & Viratyosin, T.
(2020). The Unprecedented Stock Market Reaction to Covid-19. The
Review of Asset Pricing Studies, 10(4), 742–758.
https://doi.org/10.1093/rapstu/raaa008.
Bakhtiar, F., Farild, M., & Wahyudi, W. (2020). Dampak Covid 19 Terhadap
Perbandingan Harga Saham dan Volume transaksi Penjualan Saham
Perusahaan Telekomunikasi yang Terdaftar di BEI. Jurnal Iqtisaduna, 6(2),
–174. https://doi.org/10.24252/iqtisaduna.v6i2.19033.
Ghozali, Imam. (2018). Analisis Multivariate dengan Program IBM SPSS 25.
Badan Penerbit Universitas Diponegoro: Semarang.
Gunarso, P., Nathaniel, J., & Dewi, A. R. (2021). Dampak Pengumuman Covid-19
Terhadap Harga dan Volume Saham pada Industri Farmasi di Indonesia.
MBR (Management and Business Review), 5(2), 325–335.
https://doi.org/10.21067/mbr.v5i2.6115.
He, P., Sun, Y., Zhang, Y., & Li, T. (2020). Covid–19 ’s Impact on Stock Prices
Across Different Sectors—An Event Study Based on the Chinese Stock
Market. Emerging Markets Finance and Trade, 56(10), 2198–2212.
https://doi.org/10.1080/1540496X.2020.1785865.
Iswanti, A. P., & Susandini, A. (2021). Analisis Perbandingan Harga Saham Dan
Volume Perdagangan Saham Sebelum dan Sesudah Pengumuman Covid-19
Di Indonesia (Studi Pada Indeks Saham LQ-45 Di Bursa Efek Indonesia).
Jurnal Kajian Ilmu Manajemen (JKIM), 1(2), 121–129.
Hartono, Jogiyanto. (2017). Teori Portofolio Dan Analisis Investasi. Edisi
Kesepuluh. Yogyakarta: BPFE.
Junaedi, D., & Salistia, F. (2020). Dampak Pandemi Covid-19 Terhadap Pasar
Modal di Indonesia. Al-Kharaj : Jurnal Ekonomi , Keuangan & Bisnis
Syariah, 2(2), 109–131. https://doi.org/10.47467/alkharaj.v2i2.112.
Lyócsa, Š., Baumöhl, E., Výrost, T., & Molnár, P. (2020). Fear of The Coronavirus
and The Stock Markets. Finance Research Letters, 36, 101–735.
https://doi.org/10.1016/j.frl.2020.101735.
Mangindaan, J. V., & Manossoh, H. (2020). Analisis Perbandingan Harga Saham
PT Garuda Indonesia Persero (Tbk.) Sebelum dan Sesudah Pandemi Covid19. Jurnal Administrasi Bisnis (JAB), 10(2), 80–85.
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),
–236.
Permatasari, M. D., Meilawati, S., Bukhori, A., & Luckieta, M. (2021). Analisis
Perbandingan Harga Saham Dan Volume Perdagangan Sebelum dan Selama
Pandemi Covid-19. Jurnal Akuntansi Bisnis Pelita Bangsa, 6(02), 99–116.
Purnaningrum, E., & Ariyanti, V. (2020). Pemanfaatan Google Trends Untuk
Mengetahui Intervensi Pandemi Covid-19 Terhadap Pasar Saham di
Indonesia. Majalah Ekonomi, 25(1), 93–101.
Putri, H. T. (2020). Covid-19 dan Harga Saham Perbankan di Indonesia. EKSIS:
Jurnal Ilmiah Ekonomis dan Bisnis, 11(1), 6-9.
Przepiorka, W., & Berger, J. (2017). Signalling Theory Evolving: Signals and Signs
of Thrustworthiness in Social Exchange. Social Dilemmas, Institutions and
The Evolution of Cooperation, 373-392.
Siswantoro, S. (2020). Efek Diumumkannya Kasus Pertama Covid-19 Terhadap
Harga Saham dan Total Saham yang Diperdagangkan. Jurnal Akuntansi,
Keuangan, Dan Manajemen, 1(3), 227–238.
https://doi.org/10.35912/jakman.v1i3.38.
Spence, M. (1978). Job Market Signaling. Journal of Economics (pp. 281–306).
Academic Press.
Spence, M. (2002). Signaling in Retrospect and The Informational Structure of
Markets. American Economic Review, 92(3), 434–459.
Štifanić, D., Musulin, J., Miočević, A., Baressi Šegota, S., Šubić, R., & Car, Z. Impact of
Covid-19 on Forecasting Stock Prices: An Integration of Stationary Wavelet
Transform and Bidirectional Long Short-Term Memory. Complexity, 2020.
Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung:
Alpabet.
Suryani, F. S., & Purwohedi, U. (2021). Analisis Perbandingan Indeks Harga
Saham Sebelum dan Sesudah Penetapan Covid-19 Sebagai Pandemi. Jurnal
Akuntansi, Perpajakan, dan Auditing-JAPA, 2(3), 751–766.
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.
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), 6(2), 129–138.
Yolanda, A., & Asfar, A. H. (2021). Perbandingan Harga Saham PT Bank Negara
Indonesia (Persero) Tbk Sebelum dan Sesudah Pandemi Covid-19 di
Indonesia. In National Conference on Applied Business, Education, &
Technology (NCABET), 1(1), 215–227.
Zulfitra, Z., & Tumanggor, M. (2020). Reaksi Pasar Modal Index LQ45, Index
Consumer Goods, Index Manufacture dan Index Finance pada Peristiwa
Pandemi Covid-19 April 2020 di Indonesia. Jurnal Semarak, 3(3), 1–10.
Refbacks
- There are currently no refbacks.
Editorial Office:
Universitas PGRI Madiun
Kampus 3 Lantai 2
Fakultas Ekonomi dan Bisnis
Jl. Auri no. 14-16 Madiun