Getting Alpha In The Stock Market With Credit Rating Information. The domestic stock market ended 2022 positively amid strong external negative sentiment. The aggressive increase in interest rates in developed countries has driven foreign investors out of the domestic capital market, reaching IDR70.1 trillion. Fortunately, the stock market is still relatively resilient with positive returns. Even though it was corrected several times, especially before the Fed announced interest rates, the index recovered and reported positive returns. The solid economic recovery - with real GDP already heading towards prepandemic levels - reinforced expectations of a better outlook for issuers. This makes it comfortable for foreign investors to book a net buy of IDR78.96 trillion in 2022.
