Comparison of Daily Transaction Performance of Indonesia Stock Exchange against Singapore, Thailand, and Philippines Stock Exchanges during the COVID-19 Pandemic

This study aims to determine the performance of daily transactions in the Indonesia Stock Exchange during the COVID-19 pandemic against those in other ASEAN countries such as Singapore, Thailand and the Philippines. This research is conducted against the background of the COVID-19 global pandemic th...

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Bibliographic Details
Main Authors: Dede Suryanto, Nunny Chania Wardah
Format: Article
Language:English
Published: MDPI AG 2023-04-01
Series:Proceedings
Subjects:
Online Access:https://www.mdpi.com/2504-3900/83/1/70
Description
Summary:This study aims to determine the performance of daily transactions in the Indonesia Stock Exchange during the COVID-19 pandemic against those in other ASEAN countries such as Singapore, Thailand and the Philippines. This research is conducted against the background of the COVID-19 global pandemic that has affected stock exchanges across all countries in the world. The results of this research confirm those of several other studies that state that the COVID-19 pandemic has reduced the performance of stock exchanges in several countries in the world. The research method used in this study involves a descriptive quantitative approach with a random sampling technique on four stock exchanges from four ASEAN countries, namely Indonesia, Singapore, Thailand and the Philippines, with 2017–2020 as the observation period. The results showed that at the beginning of the COVID-19 pandemic, the four countries responded positively to the impact of COVID-19, which resulted in a decrease in the value of daily transactions. However, not long after Q2, all exchanges slowly experienced a recovery, and even the Indonesia Stock Exchange recorded the highest growth in transaction value in the last 20 years.
ISSN:2504-3900