ANALYSIS OF THE IMPACT OF OIL PRICES, MONEY SUPPLY, INFLATION, INTEREST RATES AND EXCHANGE RATE AGAINST STOCK TRADING VOLUME ON THE INDONESIA STOCK EXCHANGE
YUSTINUS BUDI HERMANTO
Faculty of Economics, Catholic University of Darma Cendika, Surabaya, Indonesia.
MARIA WIDYASTUTI *
Faculty of Economics, Catholic University of Darma Cendika, Surabaya, Indonesia.
*Author to whom correspondence should be addressed.
Abstract
This research explanatory the Impact of Oil Price, Money Supply, Inflation, Interest Rate and Exchange Rate. Against Stock Trading Volume at Indonesia Stock Exchange. Population in this research all companies go public in BEI, monthly data taken by time series during period of July 2005 until December 2015, Analysis used to test the hypothesis in this research is Analysis Multiple correlations. The results prove that oil price and money supply, have a significant positive impact on changes in trading volume of shares Inflation did not have a significant negative impact on changes in trading volume of shares While interest rates and Exchange Rate have a significant negative impact on stock trading volumes on the Indonesia Stock Exchange.
Keywords: Oil price, money supply, inflation, interest rate, exchange rate, stock trading volume