Ekonomi Bisnis
Ekonomi Bisnis, Volume 27, No.1, March 2022

The Influence of Covid-19 Cases and Sentiments on Indonesia Stock Market Trends

Azzahra, Muthiara Adlin (Unknown)
Syakurah, Rizma Adlia (Unknown)
Puspita, Wulan Dri (Unknown)



Article Info

Publish Date
31 Mar 2022

Abstract

This study determined the COVID-19 cases and sentiments effect on the stock price index of selected sectors in Indonesia. The study applied time-series data from the period 2 March-27 October 2020 by collecting data on COVID-19 cases, Indonesia Stock Index (IDX), 10 selected sectors (Jasica) and Google Trends (GT). The researchers used the search terms related to COVID-19 sentiments. The researchers used descriptive analysis for IDX and GT data and applied quantitative analysis with time lag correlation to analyze data based on COVID-19 cases and GT data on the IDX & 10 selected sectors. The researchers used the Manufacture and Mining sectors with the high-or-low negative correlation groups; IDX, Finance, and Miscellaneous Industry with the moderate-or-low negative correlation groups; Trade with the high-or-moderate-or-negligible negative correlation; Agriculture with the high-or-low-or-negligible negative correlation; Consumer Industry with high-or-negligible negative correlation group; Basic Industry and Infrastructure sectors with the moderate-or-negligible negative correlation groups; and Property sector with negligible correlation group. The correlation results showed different effects regarding the sentiments of COVID-19 in each sector.

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Journal Info

Abbrev

ekobis

Publisher

Subject

Economics, Econometrics & Finance

Description

EKONOMI BISNIS (Economics, Management, and Business Journal) is a scientific dan peer-reviewed journal published twice a year (May and October) by Department of Management, Faculty of Economics, Universitas Negeri Malang, Indonesia. Ekonomi Bisnis tries to serve as a communication media, ...