HOW WERE THE BIG BANK'S INVESTOR TRANSACTIONS ON THE IDX DURING THE EARLY PERIOD OF COVID-19? IS THERE JCI INFLUENCE?

Abstract

Abstract The IDX's most extensive capitalized stocks are bank companies: BCA, BRI, Mandiri, and BNI. But, COVID-19 caused the JCI and stocks to fall, resulting in a loss for investors. This loss is the gap between the goal and reality of investing. How did JCI and investor transaction variables (volume, frequency, and buying value of foreign investors) affect the stock price of the four banks during the early period of COVID-19? Utilize the SPSS Amos program to analyze the structural model of research. The results show that the correlation between variables has a significant effect for the combined period and the increase period, except for the decline period, in which volume has no significant impact on buying value foreign investors, likewise the JCI on stock prices. The variables can describe approximately 92% of variations in stock prices. Volume has the most significant effect on the stock price. Also, JCI has a significant indirect influence on stock prices through the volume, frequency, and buying value of foreign investors.

Keywords: Stock Price, Investor Transaction, Volume, Frequency, COVID-19