The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the
rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well
as the correlation between volume of trading activity before the right issue and after that event. The objects of the
study were the companies listed on Indonesia Stock Exchange (JSX). The hypothesis stated that right issues have
a significant effect on stock price on companies listed on the JSX, rights issues had a significant effect on the stock
trading volume on companies listed on the JSX, there was a significant correlation between stock price before and
after the rights issue on companies listed in JSX, there was a significant correlation between volume of the stock
trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear
regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with
significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock
prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume
activity (TVA) on companies listed in JSX.