Comparative Analysis of Bullish and Bearish Stock Performance Before and After Trading Halt of LQ45 Stocks on the Indonesia Stock Exchange

Jordan Jastrib Janis; Joubert B. Maramis; Ferdinand J. Tumewu

doi:10.55927/fjas.v5i2.10

Authors

Jordan Jastrib Janis Universitas Sam Ratulangi
Joubert B. Maramis Universitas Sam Ratulangi
Ferdinand J. Tumewu Universitas Sam Ratulangi

DOI:

https://doi.org/10.55927/fjas.v5i2.10

Keywords:

Trading Halt, Abnormal Return, Trading Volume Activity, Bullish, Bearish

Abstract

This study aims to analyze the difference in stock performance before and after trading halts on LQ45 index stocks on the Indonesia Stock Exchange, considering bullish and bearish market conditions. This study uses a quantitative approach with the event study method. The sample consists of LQ45 stocks that experienced trading halts, with hypothesis testing using the Paired Sample t-test. The results show that there are no significant differences in abnormal returns or trading volume activity before and after trading halts, both in bullish and bearish market conditions. These findings indicate that the trading halt policy has not yet fully produced a significant market response in the short term. This study is expected to serve as evaluation material for regulators and a reference for investors in understanding the dynamics of the stock market in Indonesia.

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