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COVID-19 announcements and investor reactions on the Australian Securities Exchange
Journal article   Open access   Peer reviewed

COVID-19 announcements and investor reactions on the Australian Securities Exchange

H.G. Djajadikerta, T. Trireksani and K. Appiagyei
Australasian Business, Accounting and Finance Journal, Vol.16(1), pp.134-145
2022
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Published (Version of Record) Open Access

Abstract

The extraordinary situation due to COVID-19 pandemic has created an opportunity to examine the behavioural patterns of investors by way of the level of trading activities on the Australian Securities Exchange (ASX) around the releases of crucial information regarding the COVID-19 pandemic. This study aims to identify abnormal trading volume at ASX around eight selected significant announcements and measures of the COVID-19 pandemic in Australia. The study finds sufficient evidence to indicate that the COVID-19 announcements and calculations influence investor decisions on the ASX as the pandemic evolved.

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