The index of the Indonesian Stock Exchange (BEI) rose 18.74 points or 0.45 percent to 4,174.09 points with the index of 45 most liquid stocks gaining 0.38 percent to 717.21.
The BEI index followed the regional trend rising on expectation that the Fed would issue a policy that would drive the economy," Panin Sekuritas` analyst Purwoko Sartono said.
The market is also awaiting decision of the German Constitutional Court today on participation in European Stability Mechanism (ESM), to inject 500 billion euro into ailing economies in the euro zone and in bond buying scheme to press down cost of fund.
The German court is expected to approve Germany`s participation in the ESM and bond buying scheme on certain condition, Purwoko said.
"However, the room for the BEI index to rise further is limited. The index is expected to hover around 4,150-4,183 points on Thursday," he predicted.
There were 117,121 transactions with 2.522 billion shares worth Rp3.058 trillion changing hands on Wednesday.
Hang Seng index closed 1.10 percent higher at 20,075.39 points, Nikkei-225 up 1.73 percent to 8,959.96, and Straits Times gaining 0.48 percent to 3,031.01 points. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
