摘要：The purpose of this study is to analyze the stock market reaction to economicevents, in this case is the increase in fuel prices by 28% in 2008 which was onMay 24, 2008. Using the sample data in the form of share prices of 10companies engaged in the transportation sector, starting from May 5 until May28, 2008 date, the research will investigate whether there are abnormal return, asan indication of market reactions to the events that occurred. This study usesevent study methods (event study) to study the market reaction to an event(event) that the information is published as announcements and market reactionwas measured by using the abnormal return.. This probably is caused becausethe market is not affected at the time but the increase in fuel oil market wasalready affected at the time penggumuman will increase fuel prices in advance.Similarly, the test average abnormal return at the time around the rise and risewith before and after the increase was not found significant differences.
