P I C E E B A, The 3rd Padang International Conference On Education, Economics, Business And Accounting (THE 3rd PICEEBA 2019)

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THE EFFECT OF MACROECONOMICS AND GLOBAL COMMODITY PRICES ON MINING INDEX ON INDONESIA STOCK EXCHANGE FOR THE PERIOD OF AUGUST 2016 - FEBRUARY 2019
Erly Mulyani, Fajar Akbari

Last modified: 2019-06-12

Abstract


This study aims to find out the effect of macroeconomics and global commodity prices on mining stock index. This study used causative method. The data used in this study comprised the data of monthly mining stock index, monthly exchange rate of Indonesian rupiah to US Dollar, monthly inflation, monthly oil price and monthly world gold price. There were 32-month data used as the sample (August 2016 - February 2019). The data were analyzed using multiple linear regression. Based on the tests carried out, it was found that gold price, world oil price and exchange rate had a significant positive effect on mining stock index, while inflation did not significantly influence mining stock index.


Keywords


Mining Sector Index, Macroeconomics, global commodities