Reaksi Pasar Modal Terhadap Pengumuman Virus Corona Varian Delta Dan Omicron Di Indonesia

Abstract

The COVID-19 pandemic has had an impact on all industrial sectors, including the retail sector. The decline in average sales in the retail sector also affects retail stock prices. The purpose of this study is to analyze the reaction of the capital market in the retail sector by using the return movement and trading volume activity (TVA) at the time of the initial announcement of the entry of the new corona virus variant, namely the delta and omicron variants in Indonesia. Collecting data using purposive sampling, by analyzing the one sample t-test and paired sample t-test. The results of this study indicate that in the one sample t-test, the reaction of the capital market when the delta variant enters Indonesia occurs at T0, while the market reaction occurs at T-2, T0, and T+1. In the paired sample t-test, there is no capital market reaction both before and after the initial announcement of the entry of delta and omicron variants. There was no significant movement of TVA before and after the initial announcement of the entry of delta and omicron variants.

Perbandingan Kinerja Sub Sektor Makanan-Minuman dan Farmasi pada Kasus Pertama Covid-19 di Indonesia

“…Selanjutnya, faktor eksternal berupa faktor lingkungan di luar perusahaan yang terdiri dari kondisi makro ekonomi seperti pertumbuhan ekonomi, inflasi, suku bunga, dan harga minyak dunia [1]. Selain itu, harga saham juga dipengaruhi oleh sentimen pasar dan faktor eksternal di luar pasar yang tidak berkaitan seperti pandemi Covid-19 [2]. Dengan demikian, informasi menjadi penting bagi investor saham untuk mengambil keputusan membeli atau menjual saham dan memilih saham dalam portofolio investasinya dengan tujuan untuk memperoleh return.…”