Journal of Business and Political Economy: Biannual Review of The Indonesian Economy Review
Vol. 3 No. 1 (2021): Journal of Business and Political Economy

The Movement of IDX Agriculture (JKAGRI) During the Covid-19 Pandemic

Purbowo Purbowo (Universitas KH. A. Wahab Hasbullah)
Nerisa Agnesia Widianto (Sekolah Tinggi Ilmu Ekonomi (STIE) Al Anwar)
Khotim Fadhli (3Department of Management, Economics Faculty, University of KH. A. Wahab Hasbullah)



Article Info

Publish Date
10 Jul 2023

Abstract

The Covid-19 pandemic caused a drastic correction in the Jakarta Composite Index (JCI) during the first quarter of 2020. This study analyzes the factors that influence the movement of IDX Agriculture (JKAGRI) during the pandemic in 2020. The study used secondary data (time series) obtained from the sites Investing.com, then it was analyzed using multiple linear regression. The results showed that simultaneously the independent variables GOLD, NYSE, FCPO3, and USD/IDR significantly influence the JKAGRI. While partially the variable gold price (GOLD), New York Stock Exchange (NYSE), crude palm oil price index (FCPO3) have a significant effect on the movement of IDX Agriculture (JKAGRI). However, the dollar exchange rate (USD/IDR) does not significantly influence the movement of IDX Agriculture (JKAGRI). Thus, Traders are advised to closely monitor their portfolios while maintaining a stop loss at a certain percentage based on their risk profile. In contrast to investors who are expected to wait patiently for an increase or buyback to lower the average price (the average down) when technically indicates a price reversal signal. Keywords: Indonesian Stock Exchange, Agriculture, Regression, Investors JEL: G11, O24, Q14

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Journal Info

Abbrev

BisnisEkonomiPolitik

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal of Business and Political Economy: Biannual Review of The Indonesian Economy Review [P-ISSN 2685-2004] is devoted to the study of political economy, economy, and business issues, focussing on encouraging transparency on the economic decision-making process in Indonesia. The review is ...