PENGARUH VARIABEL FUNDAMENTAL DAN MAKRO EKONOMI TERHADAP HARGA SAHAM LQ45 Dedi Suselo IAIN Tulungagung, Jl. Mayor Sudaji Timur 46 Email: dedi_suselo@yahoo.com Abstract The research aim is to investigate the inluence of ROE, EPS, PER, the sensitivity of exchange rate, the sensitivity of inlation, and the sensitivity of interest rate variables on stock prices in the LQ45 index time period 2010 to 2013. Population of the research are 45 companies in the LQ45 index. The analysis method of the research is multiple regression linier. The results of the research indicated that ROE, EPS, PER, the sensitivity of exchange rate, and the sensitivity of inlation has signiicant positive effect on stock prices. The sensitivity of interest rate has signiicant negative effect on stock prices. The research contributed to the development of the sciene of management and investment, especially the inluence of ROE, EPS, PER, the sensitivity of exchange rate, the sensitivity of inlation, and the sensitivity of interest rate variables on stock prices. Keywords: Fundamental, Macro Ekonomy, Stock Price Abstrak Penelitian ini bertujuan untuk mengkaji pengaruh variabel ROE, EPS, PER, sensitivitas kurs, sensitivitas inlasi, dan sensitivitas suku bunga terhadap harga saham perusahaan yang masuk dalam indeks LQ45 periode waktu 2010 sampai dengan 2013. Populasi dalam penelitian ini adalah 45 perusahaan yang masuk dalam kelompok indeks LQ45. Metode analisis data yang digunakan adalah analisis regresi linier berganda. Hasil penelitian menunjukkan variabel ROE, EPS, PER, sensitivitas kurs, sensitivitas inlasi berpengaruh signiikan positif terhadap harga saham. Sedangkan variabel sensitivitas suku bunga berpengaruh signiikan negatif terhadap harga saham perusahaan. Penelitian ini memberikan kontribusi dalam pengembangan