Achmad Hidayat
UIN Sulthan Thaha Saifuddin Jambi

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Indeks Saham Syariah Indonesia: Pengaruh Faktor Makro Ekonomi Di Masa Pendemi Dan Pasca Pendemi Achmad Hidayat; Novi Mubyarto; Ahmad Husein Ritonga; Zeni Sunarti
Jurnal Ilmiah Ekonomi Islam Vol 9, No 3 (2023): JIEI : Vol.9, No.3, 2023
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v9i3.10826

Abstract

This research is presented based on an event where the Indonesian Stock Exchange (IDX) recorded an ISSI increase of 13.9% from March 2 2020 to March 31 2021 in line with an increase in the Islamic stock market index. This strengthening actually occurred at a time when Indonesia's macroeconomic conditions experienced a contraction during the Covid-19 pandemic. According to Martalena and Maya Melinda there are at least five economic factors that can influence stock price movements, namely inflation, government policies regarding fuel prices, national income per capita, currency exchange rates, interest rates. So based on this theory, researchers took three factors that influence stock price movements in the Indonesian Sharia Stock Index in 2020-2022, namely Interest Rates, Rupiah Exchange Rate and Inflation. This study uses a descriptive quantitative approach with multiple linear regression analysis.. The results of this study found that Interest Rates and Rupiah Exchange Rates had a significant negative effect on ISSI while Inflation had a significant positive effect. where if inflation strengthens, ISSI will also increase based on the period mentioned. The level of explanation of the independent variable on the dependent variable is 69.1% where 30.1% is influenced by other variables.
Analisis Pergerakan Harga Saham Emiten Sawit Terindeks Saham Syariah Indonesia Saat Larangan Ekspor CPO Achmad Hidayat; Eja Armaz Hardi; Sucipto Sucipto; Zeni Sunarti
Jurnal Ilmiah Ekonomi Islam Vol. 9 No. 1 (2023): JIEI : Vol.9, No.1, 2023
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v9i1.6024

Abstract

This study raises the issue of the policy of banning CPO exports in influencing stock price movements of palm oil issuers listed on Indonesian sharia stock index. This study aims as reading material for technical analysis in making decisions to invest in Islamic stocks, especially palm oil issuers listed on the Indonesia Stock Exchange. The research method used is qualitative method, namely by data analysis through data reduction, data presentation and conclusion drawing. As a result, four of the seven oil palm issuers listed on ISSI experienced a decline in the CPO export ban policy period, while the others were stagnant, increased and fluctuated. Thus, it can be concluded that this policy affects the share price movements of palm oil issuers in the Indonesian Sharia Stock Index (ISSI).