Composite Index Closes Down 0.07% at 350.8346 (Friday, February 10, 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 350.8346 on Friday, February 10, 2023. This figure is down 0.25 points (0.07%) from the previous day's closing level of 351.087.

In today's transactions, many investors released their portfolios in domestic bonds. This condition caused the prices of both government and corporate bonds to be corrected.

Specifically, the INDOBeX Composite Clean Price closed down 0.11 points (0.0926%) to 117.23. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.02 points (0.34%) to 6.6181.

The INDOBeX Government Total Return closed down 0.26 points (0.07%) to 343.29. Meanwhile, the INDOBeX Corporate Total Return fell 0.12 points (0.03%) to 396.61.

The Rupiah exchange rate in the spot market this afternoon weakened by Rp 43.5/US$ (0.29%) to Rp 15,130/US$. Meanwhile, the Jakarta Composite Index (IHSG) closed down 17 points (0.25%) to 6,880.33.