Capital market reaction to the COVID-19 pandemic
Abstract
The COVID-19 pandemic impacted all types of economic businesses in the global economy, including the capital market. One of the effects was being able to lower stock prices (Composite Stock Price Index) and all sectors of the capital market in general. During the evaluation period in March 2020, the issuer's initial reaction on March 17, 2020 was that stock prices would fall simultaneously in all stock exchange sectors. The consumer goods industry sector became the best sector in dealing with the COVID-19 pandemic. This was also supported by the business sector types of each issuer in this sector. Mining sector stocks could improve their stock performance making the lowest stock price in March only temporary and the issuers in this sector could easily raise their stock prices again. Meanwhile, the basic and chemical industries, infrastructure, utilities, transportation and other industrial sectors took more than two weeks to raise their stock prices.
How to Cite This Article
Sweetly Mumu (2022). Capital market reaction to the COVID-19 pandemic . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 3(5), 06-10.