THE EFFECT OF STOCK PRICE, TRADING VOLUME ACTIVITY AND ABNORMAL RETURN ON THE 2024 SIMULTANEOUS ELECTION EVENT ON MNC36 INDEX STOCKS

Abstract

This study aims to analyze the reaction of the Indonesian capital market as seen from the fluctuations in stock prices, trading volume activity and abnormal returns before and after the 2024 simultaneous election event on stock trading on the MNC36 index. This study uses an event window (window period) of 7 days before and after the simultaneous election, namely 14 days from February 1 2024 to February 23 2024. The results of the study are the first hypothesis testing is accepted, there are differences in the share prices of companies listed in the MNC36 index. The second and third hypotheses are rejected, there are no differences in trading volume activity and abnormal returns of companies listed in the MNC36 index. The implication of this research is that if the information circulating is information that can affect stock price fluctuations, then investors can consider investing in the capital market. Good signals can make it easier for investors to get high enough stock returns.