ANALYSIS OF CHANGES FUEL PRICE DURING PRESIDENTIAL JOKO WIDODO 2014 – 2015 ON SHARE PRICE ON SUB SECTOR PROPERTY INDONESIA STOCK EXCHANGE

Abstract

The aim of this research is to analyze the market reaction towardsannouncement of fuel price’s changing during Joko Widodo’s Era 2014 – October 2015. The indicators used in this study are abnormal return and trading volume activity. Event study method is used to examine the market’s reaction and measure the differences before and after the announcement of fuel price changing. The sampleare all companies listed in Subsector of Property in October 2013 October 2015. The results showed that there are significant abnormal returns fluctuated during fuel price changing, and no significant difference in abnormal returns before and after the announcement. While trading volume activity showed no significant difference before and after the announcement of fuel price.