Pengaruh Inflasi, Suku Bunga Bank Indonesia, dan Kurs Nilai Tukar IDR/ USD Terhadap Indeks Harga Saham Gabungan Periode Januari 2011-Juli 2016

Abstract

One of indicators which present a country's economy is stocks price index. Indonesian has stock price index, called Indeks Harga Saham Gabungan (IHSG), which combine all shares traded on the capital market. IHSG be affected by many factors especially macro economy. This research attempts to analyze the influence of inflation, BI Rate, and exchange rate to IHSG. Multiple linear regression had been used by this research to explain the influence of inflation, BI Rate, and exchange rate to IHSG. The result of this research shows that partially only exchange rate variable significantly influence, while BI Rate and inflation not significantly influence to IHSG. But simultaneously all of those variables significantly influence to IHSG. That results show the importance to do an economy analysis beside fundamental analysis and technical analysis before doing an investment.