THE IMPACT OF COVID-19, CRUDE OIL AND RAMADAN MONTH EFFECT ON STOCK MARKET RETURNS
Keywords:
COVID-19, crude oil, Ramadan month effect, stock market returnsAbstract
The purpose of this study is to investigate the effect of COVID-19, crude oil and Ramadan month effect on the stock market returns in manufacturing industry firm listed in the Indonesia Stock Exchange (IDX) in 2020. The sampling method used in this study is purposive sampling with predetermined criteria. The data is processed using Microsoft Excel and SPSS ver. 26.0. The result of this study shows that COVID-19 that is proxied by daily death case, COVID-19 that is proxied by confirmed case, and crude oil have a negative impact on stock market returns. Ramadan month effect have a positive impact on stock market returns
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