<![CDATA[This study aims to analyze the Indonesian capital market's reaction to the inauguration of President Prabowo Subianto and Vice President Gibran Rakabuming Raka on October 20, 2024. Market reaction was measured using the Average Abnormal Return (AAR) and Average Trading Volume Activity (ATVA) of companies listed in the LQ45 index. This study employed a quantitative approach with the event study method. The data used were secondary data in the form of stock prices and trading volume of sample companies obtained from the Indonesia Stock Exchange and Yahoo Finance. The observation period was 14 days, namely seven days before and seven days after the inauguration. Data analysis techniques used included descriptive statistics, the Kolmogorov-Smirnov normality test, and hypothesis testing using the Paired Sample T-Test with the assistance of SPSS software. The results showed no significant difference in the Average Abnormal Return (AAR) before and after the inauguration of President Prabowo-Gibran with a significance value of 0.261. Furthermore, there was no significant difference in the Average Trading Volume Activity (ATVA) with a significance value of 0.704. These results indicate that the Indonesian capital market did not react significantly to the inauguration of President Prabowo-Gibran because information related to the event had been anticipated by investors beforehand.]]>
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