Pengaruh hari libur keagamaan terhadap return saham dan trading volume activity

ABSTRACTThis research was conducted on the LQ45 group companies listed on the Indonesia Stock Exchange during 2015-2017 with the title "The Effect of Religious Holidays on Stock Returns and Trading Volume Activity (TVA)".The purpose of this study is the first to find out the difference between the average abnormal return obtained by investors before and after the Religious Holidays on the IDX. Second is to find out the difference between the average stock trading volume activity before and after the Religious Holidays on the IDX. The data analysis method used in this research is the t test (Paired Sample t-test).The results of data analysis and discussion of the results of research that has been done, it can be concluded that there are no differences before and after the Religious Holidays on Abnormal Return and Trading Volume Activity (TVA). This shows that none of the stock trading days has a significant effect on LQ 45 company's stock returns during the period 2015 to 2017.Keywords: Religious Holidays, Stock Returns, Trading Volume Actibity (TVA)