MACROECONOMIC AND NET FOREIGN FACTORS THAT AFFECT THE COMPOSITE STOCK PRICE INDEX
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02
Abstract
This study aims to examine the effect of Indonesia's macroeconomic and foreign transactions on
the Composite Stock Price Index. The data analysis technique used in this study is to use linear regression analysis
multiple. The data used in this study is the time series data for the 2016-2018 period. SBI variable has a negative
and significant effect on composite. Inflation, Exchange Rate, SBI, Amount of Money Supply and net foreign
transactions Simultaneously influence the composite. whereas partially the variables that influence the composite
are the exchange rate, the SBI and the money supply. Macroeconomic variables used in this study can explain the
composite of 61% while the rest is influenced by other variables. Investors should decide before investing to take
into account macroeconomic variables. The difference between this study and previous research adds the variable
Number of Outstanding Shares and foreign transactions in the Indonesian capital market.
Description
Keywords
Inflation, Exchange Rate, SBI, Money Supply, Net Foreign, Composite