Composite Index Closes Down 0.03% at 327.49 (Monday, October 4, 2021)

Today, the strengthening Indonesian Rupiah and rising stock prices were used by investors to divest from domestic debt securities. Fund managers shifted their portfolios from government bonds to the stock market and some to corporate bonds.

According to the Indonesian Bond Pricing Agency (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed at 327.4901 on Monday, October 4, 2021. This figure is down 0.0889 points (0.03%) from the previous day's closing of 327.5791.

Today's transactions show that some market players are again divesting from government bonds and shifting to corporate bonds. This condition caused the government bond index to fall while the corporate bond index rose.

Specifically, the INDOBeX Composite Clean Price closed down 0.0567 points (0.05%) to 120.34 today. Meanwhile, the INDOBeX Effective Yield Index rose 0.0001 points (0%) to 5.9208.

The INDOBeX Government Total Return closed down 0.1092 points (0.03%) to 321.0830. Meanwhile, the INDOBeX Corporate Total Return rose 0.2428 points (0.07%) to 359.2872.

Today's spot market transactions closed with the Rupiah strengthening by Rp 41.0/US$ (0.3%) to Rp 14,266.5/US$. Similarly, the Jakarta Composite Index (IHSG) closed up 113.84 points (1.83%) to 6,342.69.