Composite Index Closes Down 0.18% at 335.2978 (Wednesday, September 7, 2022)

The weakening Indonesian Rupiah and the correction in stock prices on the exchange were used 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 Valuation Company (PHEI) website, the Indonesia Composite Bond Index (ICBI) closed at 335.2978 on Wednesday, September 7, 2022. This figure is down 0.6 points (0.18%) from the previous day's closing of 335.9016.

In today's transactions, many investors released their portfolios in domestic debt securities. This condition caused the prices of both government and corporate bonds to be corrected.

Specifically, the INDOBeX Composite Clean Price closed down 0.23 points (0.203%) to 115.43. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0.04 points (0.58%) to 6.7905.

The INDOBeX Government Total Return closed down 0.62 points (0.19%) to 327.81. Meanwhile, the INDOBeX Corporate Total Return fell 0.29 points (0.08%) to 383.38.

The Rupiah exchange rate in the spot market this afternoon weakened by Rp 48/US$ (0.32%) to Rp 14,930/US$. The Jakarta Composite Index (IHSG) closed down 46 points (0.64%) to 7,186.76.