PENGARUH HARGA MINYAK, SUKU BUNGA, NILAI TUKAR TERHADAP INDEKS HARGA SAHAM GABUNGAN (Periode 2012-2017)

Abstract

This research is aimed to find out the influence of oil price, interest rates, and exchange to the composite share price index at Indonesia Stock Exchange. The research periods is in 2012 until 2017. The data of this research is used secondary data. The method of this research is quantitative method with the data analysis has been carried out by using multiple linear regressions analysis with level of significant is 0.05. The classic assumption test has been conducted to the data by using normality test, heteroscedasticity, and autocrelation. Meanwhile, the hypothesis test has been done by using model reliability test and t test with SPSS 22 version computer rpogram. The result of this research shows that the variable of interest rates (SB) gives negative significant influence to the composite share price index, and Exchange rates (NT) gives positive significant influence to the composite share price index, meanwhile oil price (HM) gives positif and insignificant influence to the composite share price index.
Keywords: Oil price, interest rates, excahnge rates, composite share price index.