Factors Affecting The Share Price In The Jakarta Islamic Index (JII) For The 2018-2020 Period

Abstract

The purpose of this study was to test simultaneously or partially the effect of Earning Per Share, Return On Equity and Gross Domestic Product on stock prices in the Consumer Goods sector companies listed on the Jakarta Islamic Index (JII) for the 2018-2020 period. This study uses quantitative research methods. This type of research is secondary data research. The sampling technique in this study uses the purposive sampling technique which is a sampling technique using certain considerations, where based on the selected sample there are 4 companies as samples, namely Indofood CBP Sukses Makmur Tbk., Indofood Sukses Makmur Tbk., Kalbe Farma Tbk. , and Unilever Indonesia Tbk. The data analysis method used is panel data regression analysis method. The results show that simultaneously EPS, ROE, and GDP have an effect on stock prices in the Consumer Goods sector companies listed on the Jakarta Islamic Index (JII) for the 2018-2020 period. While the results of the partial test (T test) show that partially only EPS has a significant positive effect on stock prices, then ROE has a significant negative effect on stock prices, while GDP has no effect on stock prices in consumer goods sector companies listed in Jakarta. Islamic Index (JII) for the period 2018-2020.