Analisis faktor-faktor makroekonomi yang mempengaruhi return saham batubara dalam kelompok Jakarta Islamic Index (JII)
Abstract
As it grows, Indonesian Capital Market launch the sharia investment. There is Jakarta Islamic Index (JII) which become index for sharia stocks. In JII, there are a coal stocks that are attracting investors to invest. Investors expect high returns from this coal stocks bacause coal commodity is one of Indonesia’s main commodity. However, coal stock returns are highly volatile. Stock returns are affected not only internal factor but also influenced by Indonesia’s macroeconomic conditions.