Abstract :
This research aims to determine the market reaction through abnormal return and trading volume activity before and after the announcement of the first case of Covid-19 at Indonesia and the announcement of determination PSBB at DKI Jakarta. The population of this research are miscellaneous sector company, property sector company and financial sector company and obtain 99 samples. Data analysis was performed using the Wilcoxon Signed Ranks Test. The results of this research indicate there is no reaction before and after the announcement of the first case of Covid-19 at Indonesia . However, there is a reaction before and after the announcement of determination PSBB at DKI Jakarta.
Keywords : Covid-19, First Case, PSBB, Abnormal Return, Trading Volume Activity