Composite Index Closes Down 0.03% at 334,4811 (Wednesday, August 10, 2022)

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 334.4811 on Wednesday, August 10, 2022. This figure is down 0.11 points (0.03%) from the previous day's closing of 334.5894.

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 upwards.

Specifically, the INDOBeX Composite Clean Price closed down 0.06 points (0.0526%) to 115.77. Meanwhile, the INDOBeX Effective Yield Index rose 0.01 points (0.17%) to 6.6673.

The INDOBeX Government Total Return closed down 0.12 points (0.04%) to 326.98. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.1 points (0.03%) to 382.99.

Transactions in the Rupiah exchange rate in the spot market this afternoon showed a weakening of Rp 24/US$ (0.16%) to Rp 14,880/US$. The Jakarta Composite Index (IHSG) closed down 17 points (0.23%) to 7,086.24.