Analysis of the Effect of the COVID-19 Pandemic on Infrastructure Sector^s Stock
Shabrina Adzhani Dewi S.I.A, Imo Gandakusuma, S.E., Ak., MBA

Universitas Indonesia

Abstract

The study aimed to analyze the effect of COVID - 19 Pandemic on stock price performance based on the daily amount of cases, the daily amount of deaths, and the vaccination rate. Moreover, this research was performed on Indonesia Stock Exchange (IDX), especially in the Infrastructure sector.

In this studies, there are three independent variables used such as amount of cases, the daily amount of deaths, and the vaccination rate. Moreover, the studies finds that among the variables, there are two variables that affecting the stock performance such as daily cases and deaths per day. The decreasing of stock performance happened because of the social activities restriction during the COVID - 19 pandemics. Once the amount of deaths per day is increasing, Government tend to tightened the social activities restriction regulation.

Meanwhile, if the amount of cases is increasing, Government would limited the citizen activity only and not as tight as when the death amount is increasing.

This study is that the relationship between stock price returns and the daily amount of cases, the daily amount of deaths, and the vaccination rate are reciprocal. Hence it also means that the relationship among variables that affect each other- moreover, the previous study analyzed to find out the influence of COVID - 19 Pandemic on the Stock Market based on the data of IDX^s mainboard. The variable used to see the effect was the daily case of COVID, the daily amount of death, and also lockdown.

Keywords: Stock Price, COVID - 19, Indonesian Stock Exchange, Vaccination

Topic: Financial Management and Accounting