Composite Index Closes Up 0.17% at 377.2193 (Thursday, February 1, 2024)

Today, the strengthening Indonesian Rupiah and the correction in stock prices on the exchange were leveraged by investors to enter the domestic bond market. Some investors maintained their holdings in government bonds.

According to the Indonesian Securities Valuation Company (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed at 377.2193 on Thursday, February 1, 2024. This figure is up 0.62 points (0.17%) from the previous day's closing of 376.5979.

Furthermore, today's transactions show that market players are hunting for both government and corporate bonds. This positive sentiment has driven the domestic bond market upwards.

Specifically, the INDOBeX Composite Clean Price closed up 0.18 points (0.1504%) to 117.93. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.03 points (0.39%) to 6.5871.

The INDOBeX Government Total Return closed up 0.62 points (0.17%) to 369.13. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.41 points (0.1%) to 426.15.

Transactions in the Rupiah spot market this afternoon showed a strengthening of Rp 17/US$ (0.11%) to Rp 15,758/US$. The Jakarta Composite Index (IHSG) closed down 6.24 points (0.09%) to 7201.7.