USE OF THE SINGLE INDEX MODEL IN DETERMINING INVESTMENT DECISIONS BEFORE AND AFTER THE GOVERNMENT ANNOUNCEMENT REGARDING THE COVID-19 PANDEMI (STUDY ON MANUFACTURING SECTOR SHARIA STOCKS REGISTERED IN ISSI 2018-2022)

Authors

  • Dina Mudrikah Munatzir University State of Makassar
  • Muh. Ikhwan Maulana Haeruddin University State of Makassar
  • Anwar University State of Makassar
  • Anwar Ramli University State of Makassar
  • Nurman University State of Makassar

Keywords:

Single Index Model, Investment, Sharia Stocks, ISSI, Covid-19

Abstract

This study aims to determine stock investment decisions before and after the government's announcement about Covid-19 using a single index model. The population in this study were all sharia stocks of manufacturing companies in the ISSI market index on the IDX which were selected based on a purposive sampling technique. Data analysis is performed using a single index model that starts by collecting the closing stock prices of each to obtain the optimal portfolio. The results of this study indicate that there were 27 stocks that were included in the optimal portfolio at the time before the government's announcement about covid-19, including: ALKA, APLI, ARNA, BRAM, BRPT, BTON, CEKA, CLEO, CPIN, EKAD, HOKI, ICBP, INCI , INDS, ISSP, JPFA, KBLI, KDSI, KICI, KINO, MARK, MLIA, SIDO, SMSM, SPMA, TPIA, and WOOD.

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Published

2023-05-06

How to Cite

Dina Mudrikah Munatzir, Muh. Ikhwan Maulana Haeruddin, Anwar, Anwar Ramli, & Nurman. (2023). USE OF THE SINGLE INDEX MODEL IN DETERMINING INVESTMENT DECISIONS BEFORE AND AFTER THE GOVERNMENT ANNOUNCEMENT REGARDING THE COVID-19 PANDEMI (STUDY ON MANUFACTURING SECTOR SHARIA STOCKS REGISTERED IN ISSI 2018-2022). Journal of Economics,Education,Business and Managements, 1(2), 133–148. Retrieved from http://pemudin.com/index.php/JEEBM/article/view/11