THE INFLUENCE OF THE INDONESIA 2024 PRESIDENTIAL ELECTION RESULT ANNOUNCEMENT ON STOCK PRICES THROUGH ANALYSIS OF ABNORMAL RETURN AND TRADING VOLUME ACTIVITY (STUDY ON NICKEL MINING ISSUERS ON THE INDONESIA STOCK EXCHANGE)

Thaherajodi, Kanesya and Wijayanto, Andi (2025) THE INFLUENCE OF THE INDONESIA 2024 PRESIDENTIAL ELECTION RESULT ANNOUNCEMENT ON STOCK PRICES THROUGH ANALYSIS OF ABNORMAL RETURN AND TRADING VOLUME ACTIVITY (STUDY ON NICKEL MINING ISSUERS ON THE INDONESIA STOCK EXCHANGE). Undergraduate thesis, UNIVERSITAS DIPONEGORO FAKULTAS ILMU SOSIAL DAN ILMU POLITIK.

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Abstract

This study analyzes the market reaction to the announcement of the 2024 Indonesian
Presidential Election results, focusing on the abnormal return and trading volume
activity (TVA) of nickel mining companies listed on the Indonesia Stock Exchange
(IDX). Using an event study approach, the research observes an event window of 10
days before and after the announcement on March 20, 2024. A sample of 8 actively
traded nickel-related companies was analyzed using Shapiro-Wilk, paired sample ttest, and Wilcoxon Signed Rank Test with a 5% significance level. The results show
that abnormal return did not experience a significant difference before and after the
announcement, indicating a limited price reaction. However, TVA significantly
increased, particularly during the first five days following the announcement, reflecting
heightened investor activity and short-term speculation.
Keywords: abnormal return; capital market; event study; Indonesia 2024 presidential
election; nickel mining; trading volume activity
110 Administrasi Bisnis 2025

Item Type:	Thesis (Undergraduate)
Subjects:	Social Science and Political Science
Divisions:	Faculty of Social and Political Sciences > Department of Business Administration
Depositing User:	diana nirwani
Date Deposited:	25 Jun 2025 08:24
Last Modified:	25 Jun 2025 08:24
URI:	https://eprints2.undip.ac.id/id/eprint/33620

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