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All Journal Algebra : Jurnal Pendidikan Sosial dan Sains
Nadila Vhitra Januar
State University of Padang
Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Neuroscience Physics Social Sciences Other

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COMPOSITE STOCK PRICE INDEX INCREASE: MOMENTUM OR MIRROR OF PUBLIC ECONOMIC STABILITY Ardhy Asyhabie; Rindu Wahyuni; Nadila Vhitra Januar; Boni Saputra
Algebra : Jurnal Pendidikan, Sosial dan Sains Vol. 6 No. 1 (2026): Algebra : Jurnal Pendidikan Sosial dan Sains
Publisher : Yayasan Amanah Nur Aman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58432/5890fp31

Abstract

Indonesia’s capital market exhibited a positive trend as the Composite Stock Price Index reached the 8,000 level during August-October 2025. This article examines whether that rise constitutes a short-term momentum driven by market sentiment and fiscal measures or instead reflects more fundamental public economic stability. Employing a literature review that synthesizes theoretical and empirical findings with emphasis on recent empirical studies while incorporating relevant seminal works the study also includes a case study of the government’s placement of IDR 200 trillion in state-owned banks (Himbara) on 12 September 2025. The case study is accompanied by a descriptive analysis of index movements and a simple event-study procedure to assess short-term market reactions. The review indicates that the Composite Stock Price Index is influenced by a mix of macro-fundamental factors (inflation, interest rates, exchange rates, and growth) and psychological or institutional factors (fiscal policy and government credibility). Although liquidity-enhancing fiscal action acted as a catalyst for sentiment-driven momentum, preliminary evidence suggests the index’s rise alone does not yet confirm medium-term public economic stability without corroborating improvements in macro-fundamental indicators.
THE INFLUENCE OF LEADERSHIP AND DECISION MAKING ON SOCIAL LIFE IN PIONEER ORGANIZATIONS OF GOOD IN WEST SUMATRA Dina Adilla Maharani; Syamsir Syamsir; Fadillah Harmi; Nadila Vhitra Januar; Nasywa Dwi Aura; Revi Haryanti; Shafira Ramadhani
Algebra : Jurnal Pendidikan, Sosial dan Sains Vol. 6 No. 2 (2026): Algebra : Jurnal Pendidikan Sosial dan Sains
Publisher : Yayasan Amanah Nur Aman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58432/k18q7593

Abstract

This study looks at how leadership and decision-making affect the social aspects of the Pelopor Kebaikan organization in West Sumatra. The research takes a qualitative approach with descriptive methods. Data were gathered through in-depth interviews, observations, and document collection. The Branch Coordinator of Pelopor Kebaikan in West Sumatra was the main informant for this study. The findings reveal that leadership significantly impacts solidarity, member quality, and the organization's sustainability. Leaders play a crucial role in creating an effective system. They achieve this by providing regular training, rewarding active members, and offering discussion forums for all members to share their opinions and feedback. The organization uses two methods for decisionmaking. First, it involves members through deliberation for certain decisions. Second, the leader makes special decisions to ensure the organization runs smoothly and maintains confidentiality. Decision evaluations occur by assessing impacts, conducting surveys among members, and revising decisions if necessary. From the research results, we can conclude that democratic leadership and an open decision-making process foster better social interactions within the organization. This is clear from effective communication, a heightened sense of responsibility among members, and strong solidarity during the organization’s social activities. 
Co-Authors Ardhy Asyhabie Boni Saputra Dina Adilla Maharani Fadillah Harmi Nasywa Dwi Aura Revi Haryanti Rindu Wahyuni Shafira Ramadhani Syamsir Syamsir