ANALYSIS THE DETERMINANTS OF STOCK PRICE : AN EMPIRICAL STUDY OF INDONESIAN COMMERCIAL BANKS Farida (1), Anissa Hakim Purwantini (2), Desi Nurpitasari (3)
Universitas Muhammadiyah Magelang
Abstract
Stock price is the price of a share that occurs on the stock exchange at a certain time which is determined by market participants based on the level of demand and supply. Erratic prices present challenges and opportunities to invest. Correct analysis of stock prices will provide opportunities for investors to get high returns. The data in this study are secondary data. The data analysis method used is the regression analysis and paired test method. The sample in this study consisted of 14 commercial banks listed on the Indonesia Stock Exchange from 2019-2020 with the sampling technique using purposive sampling. The test results show that inflation, economic growth and the money supply have no effect on stock prices. Meanwhile, the rupiah exchange rate and interest rates have a positive effect on stock prices. The results also prove that there are differences in stock prices before and after the Covid 19 pandemic.
