THE INFLUENCE OF BI RATE, INFLATION, AND EXCHANGE RATE ON THE COMPOSITE STOCK PRICE INDEX DURING THE COVID 19 PANDEMIC

Abstract

This study aims to determine the factors that affect the Composite Stock Price Index during the covid 19 pandemic. Several factors were tested such as the influence of the BI Rate, Inflation, Exchange Rate. The Composite Stock Price Index is one of the stock market indexes used by the Indonesia Stock Exchange. This index includes the price movements of all common shares and preferred shares listed on the IDX. the method used in this research is to use multiple linear regression method. The data used in this study is sourced from the official website of world stocks, Bank Indonesia, the official website of the global stock exchange, and the official website of the Financial Services Authority which is processed through the Eviews application. The results of this study indicate that the JCI is influenced by the variables in this study by 32.43%. The BI rate has no effect on the JCI, Inflation has no partial significant effect on the JCI. And the exchange rate has a significant effect partially on the JCI variable with a positive effect of 0.513