Business, Management and Accounting
3 years ago

PMI and Gold Prices Boost Indonesian Stock Returns, While Oil Prices Drag.

Macro Economics on Stock Returns Portfolio LQ45 at Indonesia Stock Exchange (An Approach of APT)
Yuki Dwi Darma, Emmelia Tan

Paper Summary

The study tested a model to predict stock returns in Indonesia using factors like PMI, Gold price, DJIA index, Crude Palm Oil price, and Exchange rate. The analysis showed that PMI, Gold price, and DJIA index have a positive impact on stock returns, while Crude Palm Oil price and Exchange rate have a negative impact on stock returns.

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