Dampak Pemindahan Ibukota Baru Tahun 2019 terhadap Abnormal Return dan Trading Volume Activity Perusahaan Sektor Pertambangan Di BEI

This research examines the study of the event of relocating the new capital in 2019 as a
source of information for investors. This study aims to determine the existence of stock price
movements in the mining sector listed on the Indonesia Stock Exchange. This research method uses
a quantitative approach with a comparative design. Comparative research is a type of research that
is used to compare between two groups or more than one particular variable. The movement of
stock prices can be seen from the difference in abnormal returns and trading volume activity before
and after the announcement of the relocation of the new capital in Kalimantan Islands. The
population used in this study is the mining sector listed on the Indonesia Stock Exchange as many
as 47 companies. Sampling in this research using purposive sampling criteria, with that as many as
36 companies that became the research sample. Wilcoxon's non-parametric test results show that
the announcement of a new capital did not cause a market reaction. Judging from the results of the
two variables, namely abnormal return and trading volume activity, it is stated that it is not
significant. This means that the announcement of the new capital contains no information so that it
does not cause a reaction in the capital market, this is because the announcement of the new capital
has been known to the public before it was officially announced on August 26, 2019.