Impact of Macroeconomic Variables on The Share Price of Mining Company Noted In The Islamic Jaccarta Index

Impact of Macroeconomic Variables on The Share Price of Mining Company Noted In The Islamic Jaccarta Index

Inflation Rate, Exchange Rate, PDB, Stock Price

The aim of this study is to assess the impact of GDP, currency exchange rates, and inflation rates, both separately and jointly, on the stock price of the mining companies included in the Jakarta Islamic Index in 2017 to 2022. The panel data analysis used in this study is a study approach, and uses E-Views 12. Estimate findings show that the stock price ofthe companies included in the Jakarta Islamic Index is significantly influenced by the exchange rate. The price of the index's mining business stocks wassignificantly affected by the rise in the dollar exchange rate. However, under certain circumstances,the rate of inflation studied is within a stable range, that is, below 10% per year, so the inflation rate is relatively ineffective. Although there is progress in real-sector investment, the limited influence of GDP may be due to the slow rise in investment in capital markets. As a result, the influence of GDP variables on the stock price of mining companies is only small

Three Handayani Nabila Pratiwi1,Ahmad Syakir2,Aqwa Naser Daulay3

https://dinastipub.org/DIJEFA/article/view/2642/1785

Islamic State University of North Sumatra

10June2024

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