Domestic investors opted to take profit in local stocks on Monday (May 22) after gaining 2.6% on Friday last week (May 19) lifted by investment grade status from Standard and Poor’s (S&P). The rating agency raised Indonesia’s sovereign ratings to BBB-/A-3 on reduced fiscal risks with stable outlook. The composite index of the Indonesia Stock Exchange (IDX) ended lower 0.73% at 5,749 on Monday with the selling in local stocks intensified in afternoon trade. Foreign investors, however, were back to collect local stocks as they booked a net buy of Rp675.5 billion, bringing year-to-date net buy to Rp28.59 trillion.To subscribe please click here