The Indonesian Composite Index was down by 0.17 percent to 6,843 on, Tuesday (28/2/2023). Investors anticipated inflation data and Indonesia's manufacturing index for February 2023.
Economists estimated that the February CPI will deflate from 0.19% to 0.29% on a monthly basis. It was due to the year-end cycle having passed and the impact of the second round effect has been reduced from the increase in fuel prices in September 2022 then.
And there was good news for the market today. At the annual general meeting of shareholders for the 2022 financial year which is planned to be held in April 2023 United Tractors, and UNTR directors planned to propose a final dividend payment of 6.185 rupiahs per share.
Now let’s take a look to the rupiah and commodity prices. Rupiah was up as US treasury yields fell because investors continued to monitor the outlook for inflation and the economy. The yield on the 2-year note was last trading down 3 basis points at 3.92%. Meanwhile, the yield on the benchmark 10-year treasury note was down 2 basis points at 3.937%.
