FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI IHSG YG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research is meant to find out and to examine the influence of macroeconomic factors (i.e. inflation, interest rates, and exchange rate) and foreign exchange index factors (i.e. index, Dow Jones, Ftse 100 index, Nikkei 225 index and Hang Seng index) to the IHSG (Composite Stock Price Index) at Indonesia Stock Exchange. The result of this research shows that simultaneously the model fesibility test at the inflation factor, interest rates, exchange, index, Dow Jones index, Ftse 100 index, Nikkei 225 index, and Hang Seng index have influence to the IHSG. The partial test of inflation factor, interest rates, exchange rates, Dow Jones index, and Nikkei 225 index have significant influence to the IHSG value, meanwhile Ftse 100 index and Hang Seng index does not have any significant influence to the IHSG. It has been found that among these factors, the variable which has dominant influence to the IHSG value is Dow Jones index.
Keywords: Composite Stock Price Index (IHSG), Economy Macro, Foreign Exchange Index.