Stock Price and Covid-19 Vaccine: Comparison Study on PT. Kimia Farma, Tbk. (KAEF) Stock Prices

Abstract

The Covid-19 pandemic also affected price movements in the pharmaceutical sector, after the fresh wind of the covid-19 vaccine that had been found, stock prices in the pharmaceutical sector experienced a significant increase, especially when the vaccine first arrived in Indonesia, and also when the number one person in Indonesia was vaccinated. In this study the author focuses on the shares of PT. Kimia Farma, Tbk. This research was conducted to obtain the results of whether there is a difference between the stock prices of PT. Kimia Farma, Tbk. Before the pandemic, and after the announcement of the first case in Indonesia, was there any difference between the stock prices of PT. Kimia Farma, Tbk. after the announcement of the first case in Indonesia and after the arrival of the first covid-19 vaccine in Indonesia, is there a difference between the stock price of PT. Kimia Farma, Tbk. after the arrival of the first COVID-19 vaccine in Indonesia and after the President of the Republic of Indonesia was injected with the first dose of vaccine. The test carried out is the normality test of the data using Kolgomorof Smirnov. After conducting the normality test, the researchers then conducted a paired sample T-test to determine whether there was a difference in prices before and after the conditions specified in this study, namely whether there was a difference in the stock price of PT Kimia Farma, Tbk. at the time before the pandemic occurred with the announcement of the first case in Indonesia, when the vaccine first arrived in Indonesia, and when the President of the Republic of Indonesia received the first dose of vaccine. From this study it was concluded that there was a difference in stock prices before and after the announcement of the first case of covid in Indonesia. There was a difference between the stock prices of PT. Kimia Farma, Tbk. after the delivery of vaccines to Indonesia from China and after the arrival of the first Covid-19 vaccine in Indonesia. There is a difference between the share price of PT. Kimia Farma, Tbk. after the announcement that President Jokowi would be vaccinated for the first time and after the President of the Republic of Indonesia was injected with the first dose of vaccine.