FACTORS INFLUENCING COMPOSITE STOCK PRICE INDEX (IHSG) ON THE INDONESIA STOCK EXCHANGE MONTHLY ON 2019-2021

  • Rachma Agustina UNHASY Tebuireng Jombang
  • Meta Ardiana
  • Dwi Ari Pertiwi
  • Deasy Erwina
  • Muhammad Ashar Muzakki

Abstract

The capital market is one of the dominant factors in determining a country's economy because the capital market can describe the ups and downs of a country's economy. One way is to look at the performance and development of a country's capital market by looking at the stock price index of a company listed on the country's stock exchange. One stock index that investors often forget when investing in Indonesia is the Composite Stock Price Index (IHSG). The population in this study was 36. The sampling technique was using a saturated sample which made the entire population as a sample. Hypothesis test results show that world gold prices have an influence on the monthly IHSG on the Indonesia Stock Exchange for the 2019-2021 period. This is because when the price of gold on the world market increases, people's interest in gold increases and vice versa, so that the increase in world gold prices will trigger movements in the stock exchange index in Indonesia. The exchange rate influences the monthly IHSG on the Indonesian Stock Exchange for the 2019-2021 period. In other words, when the rupiah exchange rate against foreign currencies strengthens, many investors will invest in the stock market, because this strengthening can indicate that the economy in a country is good. The Dow Jones index influences the monthly IHSG on the Indonesian Stock Exchange for the 2019-2021 period. This is because the Dow Jones is the largest index group in America and America is also a superpower and a destination country for Indonesia's exports.

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Published
2024-04-30
How to Cite
AGUSTINA, Rachma et al. FACTORS INFLUENCING COMPOSITE STOCK PRICE INDEX (IHSG) ON THE INDONESIA STOCK EXCHANGE MONTHLY ON 2019-2021. Journal of Academia, [S.l.], v. 12, n. 1, p. 29-40, apr. 2024. ISSN 2289-6368. Available at: <https://myjms.mohe.gov.my/index.php/joa/article/view/25395>. Date accessed: 24 july 2024.
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