Daftar Isi:
  • Capital market developments can be used as a benchmark for the development and economic conditions of a country. This study aim to determine the effect of inflation, the exchange rate, interest rates and gross domestic product on the composite stock price index in idx for the period 2006-2019. The data used is the secondary data from website Indonesia stock exchange. The analysis data used is multiple linier regression analysis. The result shows that inflation have negative effect while interest rate have positive effect on composite index. The result also shows that exchange rate and gross domestic product have no significant effect on composite index. The result of the research have implication for investor should consider inflation and interest rate when invest on stock in Indonesian stock exchange. Keywords: Inflation, Rupiah Exchange Rate, Interest Rate, Gross Domestic Product, Composite Index