Analysis of the Sectoral Stock Price Index on the IDX during the Covid-19

Keywords: Sectoral stock price index, IDX composite, the Covid-19, Indonesia, Performance

Abstract

In this study, we want to measure the performance of the average monthly return of sectoral stock indexes in Indonesia by using the composite index (JCI) as a comparison. We want to find the winner, loser, and neutral stock indexes. We use monthly data from March 2020 to February 2021, namely the sectors: agriculture, mining, essential industry, various industries, consumption, property, infrastructure, finance, and trade. We use panel data analysis from the event study to achieve the research objectives, a combination of cross-section data and time-series data. The research results showed six sectors of the stock index as winners: agriculture, mining, essential industry, infrastructure, finance, and trade. There are three loser stock index sectors: the miscellaneous sector, consumption, and property.

Author Biographies

Agus Arman, Sekola Tinggi Ilmu Ekonomi Ciputra Makassar

Management

Yuyun Karystin Meilisa Suade, Sekolah Tinggi Ilmu Ekonomi Ciputra, Makassar

Business Department

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Published
2022-05-09
How to Cite
Arman, A., & Suade, Y. K. M. (2022). Analysis of the Sectoral Stock Price Index on the IDX during the Covid-19. Jurnal Minds: Manajemen Ide Dan Inspirasi, 9(1), 79-90. https://doi.org/10.24252/minds.v9i1.25451
Section
Vol 9, No. 1 2022: June
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