Abstract :
This study aims to analyze the influence of variable rupiah exchange rate per US dollar, BI Rate, Dow Jones Index, and Nikkei 225 Index on Composite Stock Price Index (JCI). The method used to analyze the data in this study is multiple regression analysis processed through SPSS software application, it will be known how much influence independent variables can affect dependent variables. One of the requirements for performing multiple regression analysis is to test classic assumptions first. It is necessary that the resulting regression equation is BLUE (Best, Linear, Unbiased, Estimator). This study used monthly data from 2013 ? June 2020 for each research variable. The results obtained in this study showed that only the variable Rupiah Exchange Rate per US Dollar and The Dow Jones Index had a significant effect on JCI. The variable exchange rate of Rupiah per US Dollar has a significant negative effect on JCI and the Dow Jones Index variable has a significant positive effect on JCI.