Price Discovery in Indonesia Banking Stocks

Abstract

This study aims to analyze the price discovery of banking stock prices on the Indonesia Stock Exchange. The sample used was the main board financial sector company on the IDX for the 2022 period as many as 29 samples using purposive sampling techniques. The data used in this study is secondary data obtained from banking sector companies on the Indonesia Stock Exchange (IDX). Data analysis using panel data regression analysis with the Eviews program. The results of the study partially showed that there was a significant negative influence between volatility and price discovery. There is a significant negative influence between stock trading volume and price discovery. There is a significant positive influence between the frequency of stock trading on price discovery. There is a significant positive influence between momentum and price discovery. There is no influence between foreign net buying on price discovery in the main board banking sector companies listed on the IDX. Meanwhile, the results of the research simultaneously show that there is a significant effect on the variables of volatility, volume, frequency, momentum and foreign net buying on price discovery in the main board banking sector companies listed on the IDX.