Proceeding International Pelita Bangsa
Vol. 1 No. 01 (2023): September 2023

Macroeconomic Conditions, World Capital Market, and Commodity Price on The Jakarta Composite Index

Dasman, Sunita (Unknown)
Purnomo, Grenda Galih (Unknown)
Wulandari, Dian Sulistyorini (Unknown)



Article Info

Publish Date
30 Sep 2023

Abstract

The company's activities in the capital market such as the Indonesian Stock Exchange securities can be seen from the Stock Price Index combined. There are many factors that affect the JCI such as macro-economic conditions, and commodity prices. Factors that can affect the Jakarta Composite Index (JCI) needs to be studied to obtain maximum investment returns. The purpose of this study is to examine the impact of macroeconomic conditions such as inflation, interest rates, the rupiah exchange rate, and economic growth; global capital market index; commodity prices to the composite price index (JCI). This study uses multiple linear regression analysis with step-wise method by using software Eviews version 10. The results of the study show that the increase in the economic growth and world oil prices had an impact on JCI increase. Increase in inflation rates and the gold price have an effect on the decline in the JCI. The Dow Jones Index, The Nikkei 225 Index, and exchange rate had very strong positive correlation with economic growth (GDP). The interest rate has strong positive correlation with the inflation rate.

Copyrights © 2023






Journal Info

Abbrev

pic

Publisher

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Proceeding International Pelita Bangsa, published by Pelita Bangsa University. Proceeding International Pelita Bangsa accommodates the publication of research results in the fields of Business, Economics, Technology, Engineering, law and education conducted by lecturers as a manifestation of the Tri ...