The Good News Impact on Stock Index Return (LQ-45 Indonesian Index)

Dipa Ontowiryo Kusumo; Muhammad Saiful Hakim; Prahardika Prihananto; Santy Dwi Cempaka; Sri Yayu Ninglasari

doi:10.1109/TEMSCON-ASPAC62480.2024.11024969

The Good News Impact on Stock Index Return (LQ-45 Indonesian Index)

Dipa Ontowiryo Kusumo
, Muhammad Saiful Hakim
, Prahardika Prihananto
, Santy Dwi Cempaka^*
, Sri Yayu Ninglasari

^*Corresponding author for this work

Institut Teknologi Sepuluh Nopember

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Within the ongoing geopolitical tensions and economic uncertainties, the impact of news sentiment on stock returns remains a critical area of investigation. This study examines the association between news sentiment and stock returns in the Indonesian market, specifically focused on companies included in the LQ-45 stock index. We utilize TextBlob for sentiment analysis on news articles collected between August 2022 and January 2023. The results indicate that there are no statistically significant relationships between news sentiment and stock returns. In addition, the results also failed to find evidence of the associations for specific sectors in the index.

Original language	English
Title of host publication	TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9798331515881
DOIs	https://doi.org/10.1109/TEMSCON-ASPAC62480.2024.11024969
Publication status	Published - 2024
Event	3rd IEEE Technology and Engineering Management Conference - Asia Pacific, TEMSCON-ASPAC 2024 - Denpasar, Indonesia Duration: 25 Sept 2024 → 27 Sept 2024

Publication series

Name	TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific

Conference

Conference	3rd IEEE Technology and Engineering Management Conference - Asia Pacific, TEMSCON-ASPAC 2024
Country/Territory	Indonesia
City	Denpasar
Period	25/09/24 → 27/09/24

Keywords

LQ-45
Sentiment Analysis
TextBlob

Access to Document

10.1109/TEMSCON-ASPAC62480.2024.11024969

Cite this

Kusumo, D. O., Hakim, M. S., Prihananto, P., Cempaka, S. D., & Ninglasari, S. Y. (2024). The Good News Impact on Stock Index Return (LQ-45 Indonesian Index). In TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific (TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/TEMSCON-ASPAC62480.2024.11024969

Kusumo, Dipa Ontowiryo ; Hakim, Muhammad Saiful ; Prihananto, Prahardika et al. / The Good News Impact on Stock Index Return (LQ-45 Indonesian Index). TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific. Institute of Electrical and Electronics Engineers Inc., 2024. (TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific).

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title = "The Good News Impact on Stock Index Return (LQ-45 Indonesian Index)",

abstract = "Within the ongoing geopolitical tensions and economic uncertainties, the impact of news sentiment on stock returns remains a critical area of investigation. This study examines the association between news sentiment and stock returns in the Indonesian market, specifically focused on companies included in the LQ-45 stock index. We utilize TextBlob for sentiment analysis on news articles collected between August 2022 and January 2023. The results indicate that there are no statistically significant relationships between news sentiment and stock returns. In addition, the results also failed to find evidence of the associations for specific sectors in the index.",

keywords = "LQ-45, Sentiment Analysis, TextBlob",

author = "Kusumo, \{Dipa Ontowiryo\} and Hakim, \{Muhammad Saiful\} and Prahardika Prihananto and Cempaka, \{Santy Dwi\} and Ninglasari, \{Sri Yayu\}",

note = "Publisher Copyright: {\textcopyright} 2024 IEEE.; 3rd IEEE Technology and Engineering Management Conference - Asia Pacific, TEMSCON-ASPAC 2024 ; Conference date: 25-09-2024 Through 27-09-2024",

year = "2024",

doi = "10.1109/TEMSCON-ASPAC62480.2024.11024969",

language = "English",

series = "TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific",

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Kusumo, DO, Hakim, MS , Prihananto, P, Cempaka, SD & Ninglasari, SY 2024, The Good News Impact on Stock Index Return (LQ-45 Indonesian Index). in TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific. TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific, Institute of Electrical and Electronics Engineers Inc., 3rd IEEE Technology and Engineering Management Conference - Asia Pacific, TEMSCON-ASPAC 2024, Denpasar, Indonesia, 25/09/24. https://doi.org/10.1109/TEMSCON-ASPAC62480.2024.11024969

The Good News Impact on Stock Index Return (LQ-45 Indonesian Index). / Kusumo, Dipa Ontowiryo; Hakim, Muhammad Saiful ; Prihananto, Prahardika et al.
TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific. Institute of Electrical and Electronics Engineers Inc., 2024. (TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - The Good News Impact on Stock Index Return (LQ-45 Indonesian Index)

AU - Kusumo, Dipa Ontowiryo

AU - Hakim, Muhammad Saiful

AU - Prihananto, Prahardika

AU - Cempaka, Santy Dwi

AU - Ninglasari, Sri Yayu

PY - 2024

Y1 - 2024

N2 - Within the ongoing geopolitical tensions and economic uncertainties, the impact of news sentiment on stock returns remains a critical area of investigation. This study examines the association between news sentiment and stock returns in the Indonesian market, specifically focused on companies included in the LQ-45 stock index. We utilize TextBlob for sentiment analysis on news articles collected between August 2022 and January 2023. The results indicate that there are no statistically significant relationships between news sentiment and stock returns. In addition, the results also failed to find evidence of the associations for specific sectors in the index.

AB - Within the ongoing geopolitical tensions and economic uncertainties, the impact of news sentiment on stock returns remains a critical area of investigation. This study examines the association between news sentiment and stock returns in the Indonesian market, specifically focused on companies included in the LQ-45 stock index. We utilize TextBlob for sentiment analysis on news articles collected between August 2022 and January 2023. The results indicate that there are no statistically significant relationships between news sentiment and stock returns. In addition, the results also failed to find evidence of the associations for specific sectors in the index.

KW - LQ-45

KW - Sentiment Analysis

KW - TextBlob

UR - https://www.scopus.com/pages/publications/105009126373

U2 - 10.1109/TEMSCON-ASPAC62480.2024.11024969

DO - 10.1109/TEMSCON-ASPAC62480.2024.11024969

M3 - Conference contribution

AN - SCOPUS:105009126373

T3 - TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific

BT - TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 3rd IEEE Technology and Engineering Management Conference - Asia Pacific, TEMSCON-ASPAC 2024

Y2 - 25 September 2024 through 27 September 2024

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Kusumo DO, Hakim MS , Prihananto P, Cempaka SD, Ninglasari SY. The Good News Impact on Stock Index Return (LQ-45 Indonesian Index). In TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific. Institute of Electrical and Electronics Engineers Inc. 2024. (TEMSCON-ASPAC 2024 - IEEE Technology and Engineering Management Conference - Asia Pacific). doi: 10.1109/TEMSCON-ASPAC62480.2024.11024969

The Good News Impact on Stock Index Return (LQ-45 Indonesian Index)

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Keywords

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