THE EFFECT OF NON-SUBSIDY BBM ON STOCK PRICES INCREASE IN MANUFACTURING AND TRANSPORTATION COMPANIES IN IDX 2017-2018

This study aims to analyze the reaction of the Indonesian capital market on the Increase in Non-Subsidized Fuel Prices in 2017-2018 to the stock prices of Manufacturing and Transportation companies. This study secondary uses of data with a total sample of 170 companies. The Data used are the daily closing prices and daily stock trading volume. Hypothesis testing using paired t-test. The tool used to test hypotheses is Microsoft Excel 2010. Conclusion: The results of the study show that the abnormal returns on Reviews These events show significance of research on all days. For testing different tests the average stock abnormal return before and after the event shows insignificant results. The result of the calculation for the eleven event is not significant, whereas for the ninth and thirteen events it is declared significant