Proceedings of the 3rd International Colloquium on Interdisciplinary Islamic Studies, ICIIS 2020, 20-21 October 2020, Jakarta, Indonesia

Research Article

Impact of COVID-19 on Stock Prices and Transaction Volume: Case Study of PT. Matahari Department Store, Tbk.

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  • @INPROCEEDINGS{10.4108/eai.20-10-2020.2305151,
        author={Setiati Utami Adiningsih and Dewi  Khairani and Asep Saepudin Jahar and Rodoni  Rodoni and Arif  Mufraini and Suherman  Saleh},
        title={Impact of COVID-19 on Stock Prices and Transaction Volume: Case Study of PT. Matahari Department Store, Tbk.},
        proceedings={Proceedings of the 3rd International Colloquium on Interdisciplinary Islamic Studies, ICIIS 2020, 20-21 October 2020, Jakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ICIIS},
        year={2021},
        month={4},
        keywords={covid-19 stock price transaction volume},
        doi={10.4108/eai.20-10-2020.2305151}
    }
    
  • Setiati Utami Adiningsih
    Dewi Khairani
    Asep Saepudin Jahar
    Rodoni Rodoni
    Arif Mufraini
    Suherman Saleh
    Year: 2021
    Impact of COVID-19 on Stock Prices and Transaction Volume: Case Study of PT. Matahari Department Store, Tbk.
    ICIIS
    EAI
    DOI: 10.4108/eai.20-10-2020.2305151
Setiati Utami Adiningsih1,*, Dewi Khairani1, Asep Saepudin Jahar1, Rodoni Rodoni1, Arif Mufraini1, Suherman Saleh1
  • 1: Syarif Hidayatullah State Islamic University of Jakarta, Indonesia
*Contact email: setiatiutami88@gmail.com

Abstract

The explanation of WHO in regards to COVID-19 is a worldwide pandemic that stresses all degrees of society Investors also started selling their risky assets. Every Indonesian economy was also affected. The stock market also showed its reaction. This study uses a comparative method, which is to compare stock prices and transaction volume before and after the announcement of the COVID-19 case in Indonesia using the paired sample t-test. The results showed that there were significant differences in stock prices and transaction volume before and after the announcement of the COVID-19 case in Indonesia.