Composite Index Closes Down 0.05% at 350.4552 (Wednesday, February 15, 2023)

The weakening Indonesian Rupiah and the correction in stock prices on the exchange were used by investors to take profits in the domestic bond market. They released their investments in government bonds to realize profits.

According to the Indonesian Securities Valuation Company (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed at 350.4552 on Wednesday, February 15, 2023. This figure is down 0.17 points (0.05%) from the previous day's closing level of 350.621.

Furthermore, today's transactions show that domestic bond market players shifted their portfolios to corporate bonds. This condition caused government bond prices to correct, while corporate bonds moved upward.

Specifically, the INDOBeX Composite Clean Price closed down 0.08 points (0.0677%) to 116.98. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.01 points (0.16%) to 6.6541.

The INDOBeX Government Total Return closed down 0.18 points (0.05%) to 342.88. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.06 points (0.01%) to 396.71.

The Rupiah exchange rate in the spot market this afternoon weakened by Rp 44.5/US$ (0.29%) to Rp 15,204/US$. The Jakarta Composite Index (IHSG) closed down 27 points (0.39%) to 6,914.54.