Composite Index Closes Down 0.04% at 344.0212 (Wednesday, December 21, 2022)

The weakening of the Indonesian Rupiah's exchange rate was exploited by investors to take profits in the domestic debt market. They released their investments in government bonds to realize profits.

According to the Indonesian Securities Pricing Agency (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed at 344.0212 on Wednesday, December 21, 2022. This figure is down 0.15 points (0.04%) from the previous day's closing level of 344.1732.

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 0.07 points (0.0642%) to 116.05. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.01 points (0.15%) to 6.7389.

The INDOBeX Government Total Return closed down 0.16 points (0.05%) to 336.46. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.05 points (0.01%) to 391.39.

The Rupiah exchange rate in the spot market this afternoon weakened by Rp 4.5/US$ (0.03%) to Rp 15,607/US$. The Jakarta Composite Index (IHSG) closed up 52 points (0.77%) to 6,820.66.