Iswahyudi Harijono
Dosen FE Universitas Kartini Surabaya

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ANALISIS PENGARUH BEBERAPA VARIABEL FUNDAMENTAL DAN TEKNIKAL TERHADAP PERUBAHAN HARGA SAHAM (Studi Kasus Perusahaan Farmasi yang Go Publik di Bursa Efek Jakarta) Iswahyudi Harijono
Jurnal Akademika Vol 3, No 1 (2005)
Publisher : STIE Indonesia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51881/jam.v3i1.21

Abstract

AbstractThis study aims at analysing the influence of various fundamental and technical variables on the change of stock price of go-public pharmaceutical industries at Jakarta Stock Exchange (JSX). The method used was the Multiple Linear Regression. The six variables suspected to influence the stock price of the pharmaceutical industries were the variables of inflation level, deposit interest level, money circulation volume. US dollar exchange rate, past sales volume and stock price. The three variables showing partial influence: the variables of money circulation volume, and sales volume showed negative influence, and the variable of past stock price showed otherwise. The negative influence of the sales volume on stock price implies that the pharmaceutical companies under investigation were bearish. Past stock price was a dominant variable influencing the stock price. The study results reveal that the three variables not showing partial influence were the variables of inflation level, deposit interest level and US dollar exchange rate. The three variables are worth further investigating, considering their influence on the change of stock price.Key word : Stock Price, fundamental and technical variables, Multiple Linear Regression.