Uji Beda Kebijakan PT BEI tentang Full Call Auction (FCA) pada Saham BREN
Keywords:
Full Call Auction (FCA), BREN, Stock, IDXAbstract
Full Call Auction (FCA) is a policy regarding auctions on shares that are subject to special monitoring, where this mechanism limits the parties who carry out the buying and selling process. In this study, the object of research is the BREN (PT Barito Renewables Energy Tbk.) issuer, because this issuer received two warnings from the exchange due to Unusual Market Activity (UMA), namely in October 2023 and April 2024. So that it obtained a Full Call Auction (FCA) in May 2024 by PT Bursa Efek Indonesia. The data used is secondary data. The object of research is the stock price at closing, on the BREN issuer (PT Barito Renewables Energy Tbk.), for the period May and June 2024. The research sample consisted of 34. Quantitative research method. The data analysis technique applied is the paired two-sample t-test or also known as the t-test. The results of the study are as follows: the correlation value is -0.048, the Paired Sample Test found that the sig. value is 0.000, so it can be interpreted that the Sig. value <0.05. So it can be concluded that Ho is rejected and H1 is accepted. This means that there is a difference in BREN stock prices before and after the implementation of the Full Call Auction (FCA) policy. The Full Call Auction (FCA) policy has a more negative impact on BREN share prices, which tend to fall and also have a negative impact on the IHSG value.
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