The index of the Indonesian Stock Exchange (BEI closed 1.48 percent higher at 4,026.48 points after share prices hit the rock bottom, analyst said .
The index of 45 most liquid stocks rose 2.01 percent to 664.98 points.
HD Capital`s analyst Yuganur Wijanarko said in the first session of trade on Wednesday the BEI index fell to as low as 3,830 point, but climbed again as investor bought more than selling shares before the close of trade.
"The prices have continued to fall in the past three days that investors decided that it was time to buy," Yuganur said.
An investor said reports of buyback plans by some issuers also contributed to the increase in the BEI index.
There were 222,348 transactions in Wednesday`s trading with 5.066 billion shares worth Rp6.386 trillion changing hands.
Gainers outnumbered decliners by 164 to 136 with 78 shares unchanged.
Regional markets such as Hang Seng suffered a 1.6 percent fall in index to 21,524.65 points with Nikkei-225 index down 1.51 percent to 13,338.46 points and that of Straits Times 0.83 percent lower at 3,008.85 points.
Meanwhile rupiah lost more value against the US dollar on worries over the impact of possible US involvement in Surya conflict.
Rupiah closed at 11,280 on Wednesday from 11,269 per dollar earlier.
Investors looked for safe havens including the US dollar and precious metals resulting in rupiah fall,Monex Investindo Futures` chief researcher Ariston Tjendra said.
Trust Securities` researcher Reza Priyambada said rupiah value was determined more by external factors with almost no positive domestic sentiment to prop up the currency.(*)
Editor: Heru Purwanto
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