Composite Index Closes Up 0.06% at 377,3613 (Wednesday, February 21, 2024)

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

According to the Indonesian Capital Market Supervisory Board (Bapepam-LK) website, the Indonesia Composite Bond Index (ICBI) closed at 377.3613 on Wednesday, February 21, 2024. This figure is up 0.22 points (0.06%) from the previous day's closing of 377.1462.

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

In detail, the INDOBeX Composite Clean Price closed up 0.05 points (0.0388%) to 117.52. Meanwhile, the INDOBeX Effective Yield Composite Index rose 0 points (0.03%) to 6.6489.

The INDOBeX Government Total Return closed up 0.22 points (0.06%) to 369.22. Meanwhile, the INDOBeX Corporate Total Return Index rose 0.09 points (0.02%) to 427.17.

Transactions in the Rupiah spot market this afternoon showed strengthening by Rp 33.6/US$ (0.21%) to Rp 15,630/US$. The Jakarta Composite Index (IHSG) closed down 3.58 points (0.05%) to 7,349.02.