Pengaruh Investor Sentiment, Inflasi, Tingkat Suku Bunga, dan Nilai Tukar terhadap Harga Saham Perusahaan Sektor Manufaktur yang Terdaftar di BEI Periode 2017-2020

Abstract

This study discusses the influence of macroeconomic variables, including consumer confidence index, stock trading volume, inflation, interest rates, and exchange rates on stock prices of manufacturing companies listed on the IDX in the 2017-2020 period. Samples were taken using the method purposive sampling, so that from 169 companies listed on the IDX, 115 samples met the criteria. Data were analyzed using multiple linear regression model panel data through the EViews 9 program. The results showed that the consumer confidence index, inflation and interest rates had an effect on stock prices of manufacturing companies, while trading volume and exchange rates had no effect on stock prices of manufacturing companies.