International Journal of Economy, Education and Entrepreneurship (IJE3)
Vol. 2 No. 3 (2022): International Journal of Economy, Education and Entrepreneurship

ANALYSIS OF FACTORS AFFECTING THE COMPOSITE STOCK PRICE INDEX OF CONSUMPTION GOODS IN THE INDONESIA STOCK EXCHANGE

Salwan Hanafi (Universitas Negeri Jakarta, Indonesia)
Sri Indah Nikensari (Universitas Negeri Jakarta, Indonesia)
Saparuddin Mukhtar (Universitas Negeri Jakarta, Indonesia)



Article Info

Publish Date
06 Dec 2022

Abstract

Uncertainty in the world economy has and will continue to overshadow any composite stock price index anywhere. This study aims to examine the effect of domestic inflation, the Fed interest rate and the volume of stock transactions on the composite stock price index of the Consumer Goods Sector in Indonesia for the period January 2018-April 2021, a period before the Russia- Ukraine war. Multiple linear regression equations were used to analyze the data, sourced from Bank Indonesia, the Indonesia Stock Exchange, and The Federal Reserve. The results showed that all proposed variables had a significant effect on the composite stock price index of the consumer goods sector. These results provide an indication that the inflation rate in a country and the interest rate policy of the United States Central Bank, its can affect a country composite stock price index, while the volume of consumer goods stock transactions also affects its stock price index

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance Education Other

Description

International Journal of Economy, Education and Entrepreneurship (IJE3) is a peer-refereed open-access international journal which has been established for the dissemination of state-of-the-art knowledge in the field of Economy and Education. Starting from 2021, IJE3 would be published Three times ...