ANALISIS FAKTOR FUNDAMENTAL EKONOMI TERHADAP INDEKS HARGA SAHAM METAL AND MINERAL MINING DI BEI

Abstract

The stock price index is influenced by two keys factors, namely internal and external factors. the internal factor is the firm performance; while the external one is the macro condition. This research aimed to analyze the effect of rupiahs exchange rate, inflation, and interest rate on the stock price index of Metal and Mineral mining which were listed on Indonesia Stock Exchange. Furthermore, the population was all companies of Metal and Mineral Mining which were listed on Indonesia Stock Exchange. In addition, the sampling collection technique used purposive sampling, in which there were seven companies as sample. In line with the research result, from the data analysis technique which used multiple linear regression; it concluded rupiahs exchange rate, inflation, and interest rate had negative effect on the stock price index. While, from the classical assumption test, it concluded the test had fulfilled criteria given. Besides, the proper model test concluded it had properly used. On the other hand, the T-test concluded the inflation had insignificant effect on the stock price index. On contrary, the rupiahs exchange and interest rate had significant effect on the stock price index.
Keywords: exchange rate, inflation, interest, stock