Analisis Pengaruh Variabel Makro Ekonomi Dan Indeks Bursa Luar Negeri Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI)Periode Tahun 1997-2017

The capital market is a macroeconomic indicator that is very important for a country. The monetary situation and the movement of macroeconomic variables are things that must be considered by an investor in conducting stock trading activities in a country. This study aims to determine the effect of Inflation, Interest Rates, Dow Jones Index, and World Oil Prices on the Composite Stock Price Index for the period of 1997-2017. In this study the data analysis method used is by using multiple linear regression analysis with the PAM (Partial Adjudication Model) model. The data used in this study are secondary data. The results showed that the World Minak Price variable and the Dow Jones Index had a positive and significant effect while Inflation had a positive but not significant effect and the BI Rate Interest Rate negatively affected and was not significant towards the Composite Stock Price Index (CSPI)