Composite Index Closes Up 0.2% at 352,9088 (Monday, March 27, 2023)

The weakening of the Indonesian Rupiah and the correction in stock prices on the exchange were used by investors to take profits in the domestic bond market. Some investors maintained their holdings in government bonds.

According to the Indonesian Securities Valuation Company (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed at 352.9088 on Monday, March 27, 2023. This figure is up 0.71 points (0.2%) from the previous day's closing of 352.2022.

Furthermore, today's transactions showed that market players were hunting for both government and corporate bonds. This positive sentiment pushed the domestic bond market higher.

In detail, the INDOBeX Composite Clean Price closed up 0.22 points (0.1845%) to 116.9. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.04 points (0.63%) to 6.668.

The INDOBeX Government Total Return closed up 0.7 points (0.2%) to 345.22. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.59 points (0.15%) to 400.51.

Transactions in the Rupiah exchange rate in the spot market this afternoon showed a weakening of Rp 10/US$ (0.07%) to Rp 15,160/US$. The Jakarta Composite Index (IHSG) closed down 53 points (0.79%) to 6,708.93.