This study aims to analyze the capital market performance during the COVID-19 pandemic. Market capitalization and stock index in the capital market 5 ASEAN countries is used in this research as LQ45, Straits Times Index (STI), FTSE Bursa Malaysia KLCi Index, SETHD, and PSEi. The analysis data in this study is descriptive statistics and compares market capitalization and stock index before and during the COVID-19 pandemic period of January – August 2019 and 2020. The results show that the performance of capital market in 5 ASEAN countries was be influenced by the COVID-19 pandemic because the market capitalization and stock price in period of January – August 2020 have decreased from the same period in 2019. The interesting results is that the are some companies with the increase of stock price during the COVID-19 pandemic namely Bank Central Asia, Bank BTPN Syariah, Charoen Pokphand indonesia, Erajaya Swasembada, Vale Indonesia, Indah Kiat Pulp & Paper, Surya Citra Media, Sarana Menara Nusantara, and United Tractors Tbk in LQ 45 index

Keywords : Market Capitalization; Stock Price; Capital Market; ASEAN Countries