Abstract:
The purpose of this study is to analyze the influence of macroeconomic factors (interest
rates, inflation rates, and the exchange rate) on the composite stock price index, the
agricultural stock price index, and the mining stock price index.
The method used in this study is a multiple linear regression analysis. Data obtained
through Bank of Indonesia, Central Bureau of Statistics, and the Indonesia Stock
Exchange. The sampling method is purposive sampling, and data are collected with the
noted techniques.
The results show that interest rates variable negatively affects to the composite stock price
index and the agricultural stock price index, but has no impact on the mining stock price
index. The inflation rate has no effect on the three indexes. Exchange rate negatively
affects on the three indexes.
Keywords :
Interest rates, inflation, exchange rate, stock price index
