Analysis Of The Effect Of Exchange Value, Inflation Level, SBI Interest Rate And Hang Seng Index For Joint Stock Price Index In Indonesia Stock Exchange (Study On IDX 2016 - 2019)

Abstract

The driver of one country's economy is capital markets, several factors that affect capital
markets such as internal and external macroeconomics. the capital market conditions of a country
are heavily influenced by various factors, namely internal and external macroeconomic
conditions affecting the country. In this case, it aims to know and analyze the effect of rupiah on
the exchange rate of the United States Dollar and, the inflation rate, bi-interest rate, and Hang
Seng Index on the Stock Price Index (JCI) in the first quarter of -2019 Quarter IV, either partially
or simultaneously. The data used is in the form of secondary data obtained through the website
of Bank Indonesian and IDX. The data analysis method used is multiple linear regression
analysis with a significance level of 0.05. This study concludes that in the 2016 quarter I -2019
Quarter IV, the Hang Seng Index partially has a significant effect on the JCI. in other ways the
exchange rate of rupiah to the us dollar, bank indonesia interest rate, and inflation has no effect
on JCI. In addition, it was found that the value of R-square is 84.7%. This means that 84.7% of
all observations suggest that independent variables can explain variations in dependent variables,
the remaining 15.3% (obtained from 100% - 84.7%) other factors not seen in the model or errors.