Composite Index Closes Up at 324.37 (Tuesday, August 3, 2021)

The strengthening Indonesian Rupiah boosted bond prices, both government and corporate. Quoting the Indonesian Capital Market Supervisory Board (Bapepam-LK) website, the Indonesia Composite Bond Index (ICBI) closed up 0.3983 points or 0.12% to 324.3749 on Tuesday, August 3, 2021.

Details show the INDOBeX Composite Clean Price increased by 0.1276 or 0.11% to 120.6024. Meanwhile, the INDOBeX Composite Effective Yield fell 0.0218 points or 0.37% to 5.9138.

The INDOBeX Government Total Return closed up 0.4036 points or 0.13% to 318.1334 from the previous day's close. Similarly, the INDOBeX Corporate Total Return rose 0.2421 points or 0.07% to 354.2179.

The price of the government bond series FR0086 (4.7-year tenor) rose from 101.55% to 101.80% today. Its yield fell from 5.1229% to 5.0626%.

Government bond series FR0087 (9.54-year tenor) also saw its price increase from 101.6250% to 101.8750%. Meanwhile, its yield decreased from 6.2705% to 6.2357%.

According to Bloomberg data, the Rupiah appreciated by Rp 80.5 per US dollar, closing at 14,342 per US dollar today. Similarly, the Jakarta Composite Index (JCI) closed up 34.03 points or 0.56% to 6,130.57.