Market Reaction on The Announcement of SRI-KEHATI and FTSE4GBM Indices

Lydia Ivana Kumajas; Sri Murni; Maryam Mangantar; Ivonne Stanley Saerang; Joy Elly Tulung

doi:10.32535/ijabim.v7i2.1607

Market Reaction on The Announcement of SRI-KEHATI and FTSE4GBM Indices

Lydia Ivana Kumajas, Sri Murni, Maryam Mangantar, Ivonne Stanley Saerang, Joy Elly Tulung

Abstract

This study aims to determine the market reaction to the announcement of additional shares on the SRI-KEHATI and FTSE4Good (F4GBM) Index during the Covid 19 2020 and 2021 periods. The indicator of market reaction is observed through Trading Volume Activity (TVA). The results show that there is a significant TVA around the announcement date on both observed indices, this study uses an event study

Keywords

SRI-KEHATI, F4GBM, Trading Volume Activity, Finance Sustainable

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DOI: https://doi.org/10.32535/ijabim.v7i2.1607