PERBANDINGAN PERGERAKAN INDEKS HARGA SAHAM GABUNGAN (IHSG) DENGAN INDEKS SAHAM SYARIAH INDONESIA (ISSI) SELAMA PANDEMI COVID 19

Yusuf Yusuf, Lukman Anthoni

Abstract


The spread of the Covid-19 pandemic in almost all countries in the world has an impact on the global economy, including Indonesia. The research aims to provide an overview and analysis of the movement of the JCI and ISSI in the period from the Covid-19 pandemic to the start of the new normal period, so that it can be used to determine the impact of the Covid-19 pandemic on conventional and sharia stock exchanges in Indonesia. The population of the study was 342 daily data in the form of the closing value of stock transactions on the Indonesia Stock Exchange from January 2, 2019 until President Joko Widodo enforced the new normal way of life on June 5, 2020. While the sample used was data before the pandemic and during the pandemic before the new himbaun. Normal data, each with 62 data, both on an annual basis (year on year) and on a monthly basis (month on month). The data were processed using the independent t test method with the tools of the SPSS 23.00 program. The results showed that there was a significant difference between the movement of the JCI and the movement of the ISSI, both before and during the Covid 19 pandemic. both stocks indexed by the JCI and the ISSI decreased drastically, but on the last observation date, the decline was sloping or stable, it could be because the price had reached the lower limit.

Keywords : IHSG, ISSI , Index Movement, Pandemic


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