Capturing the Performance of Indonesian Sharia Stock Index (ISSI) and Composite Share Price Index (IHSG) Jakarta Period 2016-2019

Authors

  • Muhammad Hanif al-Hakim Department of Islamic Economic Laws, Faculty of Sharia and Law, IAIN Surakarta Jl. Pandawa, Pucangan, Kartasura, Sukoharjo, Jawa Tengah, Indonesia

DOI:

https://doi.org/10.22219/jes.v5i2.12729

Keywords:

Stock Index, Share Price, Stability, Volatility, Market Return

Abstract

This study aims to compare the performance of Indonesia Sharia Stock Index (ISSI) and Composite Share Price Index (IHSG) Jakarta over bullish dan bearish period 2016-2019. This research is descriptive quantitative using natural log and standard deviation calculation. The data retrieved from Financial Service Autority. The finding show that indexes whose volatility values are high does not always generate high positive returns. In addition, the performance of the two indices showed the same pattern in both bullish and bearish periods despite the differences in some conditions and systems.

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Published

2020-09-01

How to Cite

al-Hakim, M. H. (2020). Capturing the Performance of Indonesian Sharia Stock Index (ISSI) and Composite Share Price Index (IHSG) Jakarta Period 2016-2019. Falah: Jurnal Ekonomi Syariah, 5(2), 84–98. https://doi.org/10.22219/jes.v5i2.12729

Issue

Vol. 5 No. 2 (2020): AUGUST 2020

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Journal Article

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