The Contrarian: Finance, Accounting, and Business Research
Vol. 2 No. 1 (2023)

The effect of NIKKEI and crude oil on market indices during COVID-19 in Indonesia

Dila Anike Pagora (Sam Ratulangi University)
Inka Sefrani Supu (Sam Ratulangi University)
Prisilia Yulia Memah (Sam Ratulangi University)
Rosiyani Manangkabo (Sam Ratulangi University)

Article Info

Publish Date
07 Mar 2023

Abstract

Several world economic indicators that are interrelated and affected by the COVID-19 pandemic are IHSG, NIKKEI, and the world oil price. The sample of this study is taken from 9 June 2020 to 7 June 2021 in objective to analyze the impact of oil price and NIKKEI on IHSG. This study finds that increasing in oil prices and the NIKKEI have significant positive impact on the IHSG on the Indonesia Stock Exchange. This study indicates that the COVID-19 pandemic does not always result for negative impact on world economy. Moreover, the movement of the market index tends to be responded positively by investors which indicate optimism about economic growth in Indonesia.

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Journal Info
The Contrarian: Finance, Accounting, and Business Research
Website

Abbrev

cfabr

Publisher

Yayasan Widyantara Nawasena Raharja

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The ...