<![CDATA[This study analyzes the effect of Return on Assets (ROA), the rupiah exchange rate, and the interest rate on the closing price of banking stocks consistently listed in the LQ45 Index on the Indonesia Stock Exchange for 2017-2024. Using a quantitative approach with secondary panel data from four banks (BBRI, BMRI, BBNI, BBCA), purposively sampled to yield 32 panel observations, the data were analyzed with panel data regression. The selected model, the Random Effect Model (REM) with White cross-section standard errors estimated in EViews 12, shows that ROA has a positive and significant effect on closing price (prob. 0.0014), the rupiah exchange rate has a positive and significant effect (prob. 0.0017), while the interest rate has no significant effect (prob. 0.2003). Simultaneously, the three variables significantly affect closing price (prob. F = 0.000182), with an R-squared of 0.5021, indicating that 50.21% of the variation in closing price is explained by the model. These findings suggest that internal profitability and macroeconomic exchange-rate dynamics are more dominant determinants than interest rate in shaping LQ45 banking stock prices.]]>
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