Composite Index Closes Up 0.1% at 357.1434 (Tuesday, May 2, 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. 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 357.1434 on Tuesday, May 2, 2023. This figure is up 0.34 points (0.1%) from the previous day's closing of 356.7992.

Furthermore, today's transactions showed that market participants were hunting for both government and corporate bonds. This positive sentiment caused the domestic bond market to rise.

Specifically, the INDOBeX Composite Clean Price closed up 0.03 points (0.0214%) to 117.51. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.01 points (0.09%) to 6.6047.

The INDOBeX Government Total Return closed up 0.33 points (0.09%) to 349.45. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.52 points (0.13%) to 403.84.

Transactions in the Rupiah exchange rate in the spot market this afternoon showed a weakening of Rp 34.5/US$ (0.24%) to Rp 14,700/US$. The Jakarta Composite Index (IHSG) closed down 84 points (1.21%) to 6,832.19.