Jakarta (ANTARA News) - The Jakarta composite index (IHSG) closed higher on Wednesday on expectation of positive financial performance of listed companies.

The index of the Indonesian Stock Exchange rose 1.17 percent to 5,868.62 points with index of 45 most liquid stocks up 1.23 percent to 928.65 points.

Head of Lots Service of PT Lotus Sekuritas, Krishna Dwi Setiawan said expectation of improve financial performance of listed companies in the third quarter of this year prompted investors to collect shares resulting in the IHSG rise.

"Soon listed companies would publish their financial report. The IHSG increase indicates positive performance of listed companies," he said.

The sentiment of the Indonesian trade surplus in September also contributed to driving IHSG higher, he added.

In addition, the external sentiment was also good with increase in the global share market.

Trade frequency was recorded at 392,105 transactions with 8.71 billion shares worth Rp6.33 trillion changing hand.

There were 278 gainers and 126 losers with 118 shares unchanged.

Regional market including Nikkei, Shanghai and Strait Times all recorded an increase index.

Reporting by Zubi Mahrofi
Editing by Suharto

Reporter: antara
Editor: Heru Purwanto
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