Reaksi Pasar Terhadap Pengumuman Covid-19 di Indonesia

This study aims to determine whether there is a difference in market reactions to the LQ45 index before and after the Covid-19 announcement in Indonesia on March 2, 2020. This study used secondary data taken from www.idx.co.id. The time ranges used in this study were t-2, t-1 (February 27 & 28 2020), t+1, and t+2 (March 3 & 4 2020). The normality test was done by using the Kolmogorov-Smirnov test and hypothesis test was done by using the Wilcoxon test. The results show that there is a difference in market reactions to the LQ45 index before and after the announcement of Covid-19. It can be concluded that this event may contains information for the capital market.