DAMPAK COVID-19 TERHADAP HARGA SAHAM DAN TRADING VOLUME ACTIVITY PADA SUB SEKTOR PARIWISATA, RESTORAN DAN PERHOTELAN DI BURSA EFEK INDONESIA

Abstract

This study aims to proved and analyze the impact of the announcement of the first case of Covid-19 in Indonesia on stock prices and trading volume activity in the tourism, restaurant and hotel sub sectors that have been listed on the Indonesian Stock Exchange in 2020. The population in this study were all companies in the tourism, restaurant and hotel sub-sector totaling 34 companies. Sampling in this study used a purposiv sampling technique with a total sample that met the criteria of 16 companies, and the observation period used in this study was a 14-day observation period consisting of 7 days before the announcement event and 7 days after the announcement event. The data analysis technique used was the wilcoxon signed rank test, while the statistical test results found that there was no difference in the average stock price and average trading volume activity before and after the announcement of the first case of Covid-19 in Indonesia, this study found that the announcement the first case of Covid-19 in Indonesia did not have enough information content to make investors react quickly