The Influence of Monday Effect and Rogalsky Effect on Stock Return BUMN Banking

Abstract

This research aims to prove the Effect of Seasonal Anomalies Monday Effect and Rogalsky Effect on Stocks Return BUMN Banking Listed on The Indonesia Stock Exchange IDX80 Period 2021-2023. The research method used is a quantitative method with saturated sampling, so that the population and sample amount to 4 BUMN Banking. Hypothesis testing using multiple linear regression analysis with dummy variables. Using SPSS software version 26. The findings are expected to provide insight into the decisionmaking of capital market participants about seasonal anomalies. This research concluded that the Monday Effect have partially significant positive effect on stocks return BUMN Banking. Meanwhile, Rogalsky Effect have partially no effect on stocks return BUMN Banking.