The Effect of Macroeconomics and Global Commodity Prices on Mining Index on Indonesia Stock Exchange for The Period of August 2016 - February 2019

DOI

10.2991/piceeba-19.2019.7How to use a DOI?

Keywords

mining stock index, inflation, gold price, world oil, exchange rate

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Erly Mulyani
AU  - Fajar Akbari
PY  - 2019/09
DA  - 2019/09
TI  - The Effect of Macroeconomics and Global Commodity Prices on Mining Index on Indonesia Stock Exchange for The Period of August 2016 - February 2019
BT  - Proceedings of the Third Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2019)
PB  - Atlantis Press
SP  - 772
EP  - 779
SN  - 2352-5428
UR  - https://doi.org/10.2991/piceeba-19.2019.7
DO  - 10.2991/piceeba-19.2019.7
ID  - Mulyani2019/09
ER  -