Analysis of the Effect of Macroeconomics on the Composite Stock Price Index for the 2015-2019 Period
DOI:
https://doi.org/10.36636/dialektika.v6i2.617Keywords:
Export, Import, Indonesia Composite IndexAbstract
The Indonesia Composite Index (ICI) is one of the factors of ecomonics growth in Indonesia. The purpose of this research was to analyze the influence of macroeconomics the variable Export, Import, Inflation and USD Middle Exchange Rate on The Indonesia Composite Index (ICI). Data used in this research were obtained from The Ministry of Trade, The Central Bank of The Republic Indonesia and Financial Services Authority. The result of the F test shows significant relationship between of the variable Export, Import, Inflation and USD Middle Exchange Rate against on The Indonesia Composite Index (ICI). Meanwhile, the t test shows that the Inflation has a significant effect on The Indonesia Composite Index (ICI) but the Export, Import, and USD Middle Exchange Rate variable does not have a significant effect on the Indonesia Composite Index (ICI). Based on the result of the Adjusted R Square, Export, Import, Inflation, and USD Middle Exchange Rate variable towards the Indonesia Composite Index is 56.4% while the rest of it 43.6% was influenced by other factors.
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