Abstract:

Macroeconomic factors have a very important place for the country and the world’s economies. The change in macroeconomic factors affects all the elements in economies, primarily capital markets. In the financial sector, the stock exchange is the most important market in terms of corporate investment decisions. In this study, the exchange of macroeconomic factors and the exchange of index values on the stock exchange were studied. The aim of the study is to reveal the impact of macroeconomic factors; inflation rate, unemployment rate, net domestic rate and interest rate, BIST Sports, BIST Textile, BIST Bank, BIST Insurance, BIST Sanai, BIST Trade, BIST Technology, BIST Forest Paper Print, BIST 30 indicators. Makroeconomic factors and BIST index values have been used in a limited number, and studies have also found that the variable as an index is less. In the study that studied the annual data for the period 2010-2019, Augmented Dickey-Fuller unit root tests and the smallest square method regression tests were used. When it comes to the unit root data, it has been seen that some series are stable in level values, while some series are not stable in level values and are stable when the first differences are taken. According to the test results, the smallest square regression test resulted in a meaningful relationship between BIST Insurance, BIST Trade and BIST Technology, while the unemployment rate and BIST Insurance, BIST Textile Index values found a meaningful relationship.

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