Pengaruh Inflasi, Suku Bunga, dan Kurs Terhadap Indeks Harga Saham Jakarta Islamic Index (JII) di Bursa Efek Indonesia

Abstract

This study aims to determine the effect of inflation, interest rates, and exchange rates on the Jakarta Islamic Index (JII) stock price index in 2021-2023. To facilitate problem solving, this research was conducted using multiple linear regression methods with the help of SPSS version 23. The data used are secondary data consisting of inflation, interest rates and exchange rates as independent variables and the Jakarta Islamic Index (JII) stock price index as dependent variable. The results show that inflation has an effect on the JII stock price index. This is indicated by the results of a significance value for inflation of 0.000, which means sig t (0.000) < alpha (0.05) and a tcount value of 4.168 > ttable 2.037. Interest rates have no effect on the JII stock price index. This is indicated by the results of a significance value for interest rates of 0.682, which means sig t (0.682) > alpha (0.05) and tcount of -0.414 < t table 2.037. The exchange rate affects the JII stock price index. This is indicated by the results of a significance value for the exchange rate of 0.003, which means sig t (0.003) < of alpha (0.05) and a tcount value of 3.173 > ttable 2.037. Inflation, interest rates, and exchange rates simultaneously or jointly affect the JII stock price index. This is indicated by the results of a significance value of 0.001 <0.05 and the obtained Fcount value of 6.517 > Ftable 2.88.