The Contrarian: Finance, Accounting, and Business Research
Vol. 1 No. 2 (2022)

The effect of the gold index and NIKKEI on the Indonesian market index

Dina S. Gerung (Sam Ratulangi University)
Silva S. Arikalang (Sam Ratulangi University)
Tessalonika Agow (Sam Ratulangi University)
Irmando M. J. J. Sambeka (Sam Ratulangi University)

Article Info

Publish Date
16 Feb 2023

Abstract

Gold and NIKKEI are two important market mechanisms and can directly affect the market in Indonesia. The Covid-19 pandemic has had an adverse impact on the world economy and one of them is Indonesia. This study observes the period from June 2021 to May 2022. This study finds that in the period June to December 2021 the gold index is negative and significant on the JCI although NIKKEI has quite a positive effect. Reversely, in the period of January to May 2022, the gold index has a positive effect on the JCI movement, but not on NIKKEI.

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Journal Info
The Contrarian: Finance, Accounting, and Business Research
Website

Abbrev

cfabr

Publisher

Yayasan Widyantara Nawasena Raharja

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The ...