Composite Index Closes Down 0.17% at 328,2297 (Tuesday, September 21, 2021)

Investors grew wary ahead of the United States Federal Reserve (The Fed) meeting on Thursday, September 23, 2021. They took profits by offloading their portfolios in the domestic bond market.

Conversely, Bank Indonesia (BI)'s decision to maintain its benchmark interest rate (BI 7-Day Reverse Repo Rate/BI7DRR) at 3.5% was in line with market expectations. This had little impact on the domestic financial market.

This caused bond prices in the domestic bond market to decline, while yields rose. Based on the Indonesian Securities Valuation (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed down 0.5649 points (0.17%) at 328.2297 on Tuesday, September 21, 2021.

Specifically, the INDOBeX Composite Clean Price closed down 0.2346 points (0.19%) to 120.9212. Meanwhile, the INDOBeX Effective Yield rose 0.0346 points (0.6%) to 5.8545.

The INDOBeX Government Total Return closed down 0.5829 points (0.18%) to 321.9079. Similarly, the INDOBeX Corporate Total Return corrected 0.1705 points (0.05%) to 358.5537.

Meanwhile, the rupiah exchange rate strengthened by Rp 5 per US dollar (0.04%) to Rp 14,237.5/US$ today. The Jakarta Composite Index (IHSG) closed down 15.56 points (0.26%) at 6,060.76.