Composite Index Still Creeps Up for 4 Consecutive Days to 326.97 (Thursday, August 26)

Bank Indonesia (BI) and the Ministry of Finance's collaboration on burden-sharing financing to accelerate the national economic recovery from the impact of Covid-19 has again received a positive response in the domestic bond market. Bond prices have moved positively, while yields have moved inversely.

The Minister of Finance, as the fiscal authority, and BI, as the monetary authority, continued burden-sharing through Joint Decree III for the payment of the 2021 and 2022 State Budget (APBN) deficits.

Quoting the Indonesian Securities Pricing Agency (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed up 0.2341 points (0.07%) to 326.9694 on Thursday, August 26, 2021.

Specifically, the INDOBeX Composite Clean Price closed up 0.0651 points (0.5%) to 121.0467. Meanwhile, the INDOBeX Composite Effective Yield fell 0.0031 points (0.05%) to 5.8454.

The INDOBeX Government Total Return Index rose 0.2406 points (0.08%) to 320.6965. Similarly, the INDOBeX Corporate Total Return Index rose 0.004 points (0.00%) to 356.776.

According to Bloomberg, the rupiah exchange rate closed down Rp 20 (0.14%) to Rp 14,417 per US dollar today compared to the previous day. The Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange also closed down 55.16 points (0.9%) to 6058.08.