Research Article
Determinant of IHSG Index; Indonesia Stock Exchange
@INPROCEEDINGS{10.4108/eai.20-1-2018.2282434, author={Nazir Nazir and Marzuki Marzuki and M. Subhan and Fajria Ananda and Husaini Husaini and Wahyuddin Albra and Apridar Abdurrahman and Hamdani Hamdani}, title={Determinant of IHSG Index; Indonesia Stock Exchange}, proceedings={Proceedings of the 1st Workshop on Multidisciplinary and Its Applications Part 1, WMA-01 2018, 19-20 January 2018, Aceh, Indonesia}, publisher={EAI}, proceedings_a={WMA-1}, year={2019}, month={9}, keywords={nasdaq dow jones strait times and ihsg indexes}, doi={10.4108/eai.20-1-2018.2282434} }- Nazir Nazir
Marzuki Marzuki
M. Subhan
Fajria Ananda
Husaini Husaini
Wahyuddin Albra
Apridar Abdurrahman
Hamdani Hamdani
Year: 2019
Determinant of IHSG Index; Indonesia Stock Exchange
WMA-1
EAI
DOI: 10.4108/eai.20-1-2018.2282434
Abstract
Stock is a scurity that indicates a share of ownership of a bussiness entity. The change in the movement of the share price index indefinitely influences the global share price index. Stock price movement in the market as a whole are seen in the index of joint stock prices which is an index used in measuring the formance of shares traded on a stock exchange. This study aims to analyze the determination of Indonesia Composite Stock Price Index (IHSG). Secondary data used in this study at 30 companes from 2013-2015. Sample selection used is purposive sampling method. Data was analized using multiple regressions. The result of the research founded Nasdaq index, Dow Jones index and Strait Times index significantly influence to Composite Stock Price Index at Indonesia Stock exchange (IHSG). The result becomes a reference for investors to predict the movement of IHSG in Indonesia .The fluctuation of stock price on the stock exchange within a country is determined by the stock price of other countries and this phenomenon is called contagion effect.