scholarly journals PENGARUH LAJU PERTUMBUHAN INFLASI, HARGA MINYAK DUNIA DAN DOW JONES INDUSTRIAL AVERAGE TERHADAP INDEKS HARGA SAHAM GABUNGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2007-2011

2018 ◽  
Vol 2 (2) ◽  
pp. 176
Author(s):  
Rully Putra Surya Pratama ◽  
Indah Kurniawati
Keyword(s):  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Oil Price ◽  
Independent Variables ◽  
Analysis Technique ◽  
Dow Jones Industrial Average ◽  
Independent Variable ◽  
Stock Price Index

This research attempts to influence the inflation growth, the oil price dow jones industrial average to Composite Stock Price Index which is registred in indonesian stock exchange in the period of 2007-2011. The population in this research was the whole index in indonesian stock exchange (ISE). The sample was taken based on sampling purpodive. The data analysis technique used double linier regression. The dependent variable in this research was the growth of Composite Stock Price Index, while the independent variable was the inflation growth, the oil price and dow jones industrial average. The results of this research showed that the almost dependent variable used had effects for the growth of Composite Stock Price Index. The inflation rate growth variable did not have effects on Composite Stock Price Index growth, while the oil price rate variable and dow jones industrial average had effects on Composite Stock Price Index growth. Simultaneously, the independent variables examinedhere had effects on Composite Stock Price Index growth.

scholarly journals KORELASI DINAMIS ANTARA PERGERAKAN HARGA MINYAK DUNIA DAN INDEKS HARGA SAHAM SEKTORAL DI BURSA EFEK INDONESIA

2020 ◽  
Vol 9 (3) ◽  
pp. 188
Author(s):  
Yunita Dewi Safitri ◽  
Robiyanto Robiyanto
Keyword(s):  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Secondary Data ◽  
Oil Prices ◽  
Dynamic Correlation ◽  
Analysis Technique ◽  
Static Approach ◽  
Stock Price Index ◽  
Autoregressive Conditional Heteroscedasticity

Changes in the situation that move very quickly on the commodity market have an impact on financial markets, one of which is the stock market in Indonesia. Therefore this study aims to examine the dynamic correlation between the movement of world oil prices and the Sectoral Stock Price Index listed on the Indonesia Stock Exchange (IDX). The data used is obtained from secondary data in the form of daily closing price data for world oil prices and Sectoral Stock Price Index from January 2017 to June 2020. The analysis technique used is Dynamic Conditional Correlation-Generalized Autoregressive Conditional Heteroscedasticity (DCC-GARCH), due to previous studies mostly using a static approach. The results of this study show that the DCC-GARCH value between world oil prices (Brent and WTI) and Sectoral Stock Price Index tends to be very weak. A negative dynamic correlation was also found in the Consumer Goods Sector. This research can be a reference for investors who want to invest stocks in Indonesia by looking at the correlation between world oil prices and the Sectoral Stock Price Index.

scholarly journals HE IMPACT OF INFLATION, CERTIFICATE OF BANK INDONESIA, AND EXCHANGE RATE OF IDR/USD ON THE INDONESIA COMPOSITE STOCK PRICE INDEX

2017 ◽  
Vol 1 (1) ◽  
pp. 42
Author(s):  
Margarita Ekadjaja ◽  
Daisy Dianasari
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Monthly Data ◽  
Macroeconomic Variables ◽  
Research Population ◽  
Stock Price Index

This research is done with the aim to know whether some macroeconomic variables, which are inflation rate, certificate of Bank Indonesia (SBI) rate, and exchange rate of IDR/USD have an impact on the movement of the composite stock price index (IHSG) at the Indonesia stock exchange (BEI) partially and simultaneously in the period of 2006–2014. The research population is inflation rate, SBI rate, and exchange rate of IDR/USD. Data analysis in this research is multiple regression by using time series monthly data of 2006–2014. Research results show that partially inflation rate gives positive significant impact on IHSG, SBI rate has negative significant impact on IHSG, and exchange rate of IDR/USD has positive significant impact on IHSG.  Simultaneously it shows that inflation, SBI rate, and exchange rate of IDR/USD have an impact on IHSG at BEI to the period of year 2006 – 2014.  Those variables affect IHSG by 58,74%, while other variables affect IHSG by 41,26%.  That information can be used by investors to make decision on their investment.Keywords: inflation, SBI, exchange rate, IHSG, BEI.

scholarly journals PENGARUH RETURN INDEKS NASDAQ, INDEKS S&P DAN HARGA KUOTASI DOLAR TERHADAP TINGKAT RETURN SAHAM TELKOM

2021 ◽  
Vol 8 (1) ◽  
pp. 48
Author(s):  
Arif Surahman
Keyword(s):  
Significant Influence ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Composite Index ◽  
Stock Index ◽  
Accurate Analysis ◽  
Advanced Country ◽  
Dow Jones Industrial Average ◽  
Stock Price Index

ABSTRAK Investasi pada instrumen saham memerlukan analisa yang akurat untuk terhindar dari kerugian. Asmara dan Suarjaya (2018) berhasil menemukan bahwa indikator-indikator makro berpengaruh signifikan terhadap fluktuasi harga IHSG. Pergerakan indeks harga saham sebuah negara terpengaruh oleh kondisi makro perekonomian dari negara tersebut (Deitiana, Stella, 2009). Kondisi perekonomian  makro dari suatu negara saling pengaruh-mempengaruhi antara satu negara dengan negara lainnya, terutama apabila negara tersebut sudah sangat maju dan memiliki ekonomi yang kuat. Oleh karena itu, bisa diasumsikan bahwa Indeks Harga Saham Gabungan dari negara-negara yang sudah maju dapat turut mempengaruhi fluktuasi dari IHSG. Hal ini sebagaimana dibuktikan oleh hasil penelitian Tamara (2012) yang menemukan bahwa terdapat pengaruh yang signifikan antara Dow Jones Industrial Average, Shanghai Stock Exchange Composite Index dan Straits Times Index terhadap fluktuasi Indeks Harga Saham Gabungan. Penelitian sebelumnya yang dilakukan tahun 2019 oleh Deitiana dan Stella dengan menggunakan data harga penutupan mingguan dari Indeks Dow Jones, Nikkei 225, Kospi danShanghai Composite Index juga berhasil menemukan hubungan pengaruh yang signifikan baik secara simultan maupun parsial terhadap pergerakan IHSG.Penelitian ini menggunakan regresi linier sederhana untuk menyelidiki pengaruh indeks Nasdaq, S&P dan harga dari quotasi dolar terhadap Return saham Telkom. Hasil dari penelitian ini menemukan bahwa Indeks Nasdaq dan harga quotasi Dolar terhadap Rupiah dapat mempengaruhi tingkat imbal hasil saham Telkom secara signifikan dengan nilai signifikansi berada dibawah 5%. Kata Kunci: Return, Saham, Telkom, Nasdaq, S&P, Dolar.  ABSTRACT Investment in stocks recquire accurate analysis to avoid loss. Asmara and Suarjaya (2018) found that macro economic indicators of a country has a significant influence towards the fluctuations of IHSG prices. Deitana & Stella (2019) also found the same thing. The Macro Economic conditions of a country has a reciprocal influnces between a country and others. Because of that, it can be assumed that stock indexes from an advanced country can also influenced  the fluctuations of Indonesia's Stock Price Index. This assumption has been proven by the research which has been conducted by Tamara (2012)  which found that there is a significant influence between Dow Jones Industrial Average, Shanghai Stock Exchange Composite Index and Straits Times Index towards the fluctuations of Indonesia Stock Price Index (IHSG). Previous research that were conducted in 2019 by Deitiana and Stella by using weekly closing price of  Dow Jones Index, Nikkei 225, Kospi and Shanghai Composite Index also has found a significant connections either simultaneously nor partially to the movement of indonesia stock index prices. This research are conducted by using linier regression to investigate the influence of the return of  Nasdaq, S&P and Dollar to Rupiah quotations towards the Return of Telkom stock price. The results of this research concluded that Nasdaq Indices and Dolar price quotations towards Rupiah's can significantly influenced the return of telkom stock price with a confidence level that are below 5%. Keyword : Return, Stock, Telkom, Nasdaq, S&P, Dolar

scholarly journals Pengaruh Inflasi, Kurs, Suku Bunga, dan Harga Minyak Dunia Terhadap Indeks Harga Saham Industri Pertambangan di Bursa Efek Indonesia Periode 2012-2015

2019 ◽  
Vol 3 (1) ◽  
pp. 18
Author(s):  
Yulia Istia Ningsih ◽  
Muthmainnah Muthmainnah
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Mining Industry ◽  
Oil Prices ◽  
Independent Variables ◽  
Mining Companies ◽  
Stock Price Index

This study aims to determine how the influence of inflation, exchange rates, interest rates, and world oil prices on the mining industry stock price index in the period 2012-2015. The object in the 2012-2015 research period is mining companies on the Indonesia Stock Exchange. The population used in this study were 31 mining companies and was based on a purposive sampling method which produced a sample of 11 companies. The dependent variable is represented by the mining industry stock price index, while the independent variables in this study are inflation, exchange rates, interest rates, and world oil prices. Partially the results of this study indicate that during the 2012-2015 period the variable exchange rates and world oil prices affected the mining industry's stock price index, while inflation and interest rates did not affect the stock price index mining industry. Simultaneously shows the influence of independent variables on the mining industry stock price index.

scholarly journals Pengaruh Perubahan Nilai Tukar Rupiah, Tingkat Inflasi, dan Indeks Bursa Internasional Terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (BEI)

Jurnal Ecogen ◽  
2020 ◽  
Vol 3 (1) ◽  
pp. 7
Author(s):  
Keken Setiawan ◽  
Erly Mulyani
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
T Test ◽  
Series Data ◽  
Jones Index ◽  
Independent Variables ◽  
Negative Effect ◽  
Stock Price Index

This research aimed to know how the effect of Rupiah Exchange Rate, inflation rate, and international Exchange Index towards Composite Stock Price Index (CSPI). The independent variables of this study are Rupiah Exchange Rate (X1), Inflation rate (X2), Dow Jones index (X3), Nikkei 225 index (X4), and Hang Seng index (X5). The Sample was based on monthly time series data from January 2014 to December 2018, with documentation data collection technique from Bank Indonesia and Yahoofinance.com publication. Analytical techniques used were linier regression, classical Assumtions, determination coeffisient test (R2), for hypothesis test used F-test and t-test with significance level of 5%. The results of this indicate that the value of cooficient of determination (R2) 0,901 which means independent variables affect the dependent variable 89,2% and the rest is 10,8% influenced by other variables outside this study. The result of t-test shows that the Rupiah Exchange Rate and Nikkei 225 index have not significant and negative effect on Composite Stock Price Index (CSPI), Inflation rate have significant and negative effect on Composite Stock Price Index (CSPI), Dow Jones index and Hang Seng Index have significant and positive effect on Composite Stock Price Index (CSPI). Keywords: composite stock price index (cspi), rupiah exchange rate, inflation rate, dow jones index, nikkei 225 index, and hang seng index

scholarly journals The Effect of Economic Growth, Inflation Rate, and Interest Rates of Bank Indonesia on the Composite Stock Price Index on the Indonesia Stock Exchange for the 2015-2019 Period

2021 ◽  
Vol 11 ◽  
Author(s):  
Ahmad Firdausi Akmal Al Haytami ◽  
Heri Widodo
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Validity And Reliability ◽  
Macroeconomic Factors ◽  
Stock Price Index ◽  
The Interest Rate

Generally, investors use the Composite Stock Price Index (IHSG) as a parameter of stock performance listed on the Indonesian stock exchange. One of the factors that can affect the IHSG is macroeconomic factors such as economic growth, inflation, and interest rates. This study aims to determine the effect of economic growth, inflation rate, and interest rates of Bank Indonesia on the IHSG. The population and sample in this study are quarterly economic growth, inflation, Bank Indonesia interest rates, the monthly Composite Stock Price Index (IHSG) from 2015-2019. Testing the hypothesis of this study using validity and reliability tests with the SmartPLS version 3 application. The results showed that the variables of economic growth and inflation had no significant effect on the Composite Stock Price Index (IHSG). Meanwhile, the interest rate variable of Bank Indonesia has a significant effect on the IHSG.

scholarly journals Analisis Pengaruh Nilai Tukar Rupiah, Inflasi Dan Indeks Dow Jones Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI)

KINDAI ◽  
2021 ◽  
Vol 16 (3) ◽  
pp. 542-562
Author(s):  
Delila Putri Syarina
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Stock Price ◽  
Quantitative Method ◽  
Price Index ◽  
Stock Exchange ◽  
Sampling Techniques ◽  
Jones Index ◽  
Stock Price Index

Abstract: This study aims to study both partially and simultaneously, large, Analysis, Analysis, Value, Exchange, Inflation, and the Dow Jones Index Against the Composite Stock Price Index (CSPI) on the Indonesia Stock Exchange (BEI) and the dominant dominant variable on the Price Index Joint Stock (CSPI)).The method used in this study is a quantitative method and with a population of 10 (ten) years, samples were taken with census sampling techniques of 10 (ten) years per year-end period, research instruments using classical data assumptions - data used using regression linear multiple.The results of this study indicate that (1) Rupiah Exchange Rates, Inflation and the Dow Jones Index influence simultaneously on the Composite Stock Price Index (CSPI) on the Indonesia Stock Exchange (2) the Dow Jones Index is partially related to the Composite Stock Price Index (CSPI) in The Indonesian Stock Exchange, while the Rupiah Exchange Rate and Inflation are not partially on the Composite Stock Price Index (CSPI) on the Indonesia Stock Exchange (3) The dominant dominant variable on the Composite Stock Price Index (CSPI) on the Indonesia Stock Exchange is the Dow Jones Index..Keywords  : Rupiah Exchange Rate, Inflation, Dow Jones Index and Composite Stock Price Index (CSPI)   Abstrak: Penelitian ini bertujuan untuk mengetahui baik secara parsial dan simultan seberapa besar Analisis Pengaruh Nilai Tukar Rupiah, Inflasi Dan Indeks Dow Jones Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI) serta variabel yang berpengaruh dominan terhadap Indeks Harga Saham Gabungan (IHSG). Metode yang digunakan dalam penelitian ini adalah metode kuantitatif dan dengan populasi sebanyak 10 (sepuluh) tahun, diambil sampel dengan teknik sampling sensus sebanyak 10 (sepuluh) tahun per periode akhir tahun, instrument penelitian uji asumsi klasik data – data diuji dengan menggunakan regresi linear berganda. Hasil penelitian ini menunjukkan bahwa (1) Nilai Tukar Rupiah, Inflasi dan Indeks Dow Jones berpengaruh secara simultan terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (2) Indeks Dow Jones berpengaruh secara parsial terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia, sedangkan Nilai Tukar Rupiah dan Inflasi tidak berpengaruh secara parsial terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (3) Variabel yang berpengaruh dominan terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia adalah Indeks Dow Jones. . Kata kunci :     Nilai Tukar Rupiah, Inflasi, Indeks Dow Jones dan Indeks Harga Saham Gabungan (IHSG).

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