ANALYSIS OF MACROECONOMIC INDICATORS AFFECTING SHARIA STOCK RETURN IN INDONESIA
Keywords:
Exchange Rate, Inflation, BI Rate, Stock ReturnAbstract
Changes in market behavior make people pay more attention to company financial performance factors and macroeconomic factors that affect stocks. This study aims to measure and analyze the effect of exchange rate, inflation and BI rate on stock returns, as well as find out developments about the Jakarta Islamic Index. This research uses quantitative methods with the data sources obtained are secondary data sources. The population used in this study is all timeseries data contained in the Jakarta Islamic Index (JII) stock index. There were 11 companies that met the criteria and were selected as research samples. Data collection is carried out using literature studies and documentation. The data analysis technique used is descriptive statistical analysis. The results of this study show that the variables of exchange rate, inflation and BI rate partially or simultaneously have a positive and significant effect on stock returns.
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