The index of the indonesian Stock Exchange rose 75.69 points or 1.74 percent to 4,417.35 points with index of 45 most liquid stocks up 2.05 percent to 742.46.
"Positive sentiment from global markets and higher than expected US consumer confidence contributed to the rise of the BEI index to a positive area," PT Anugerah Sekurindo Indahs analyst Bertoni Rio said.
Bertoni said buying speculation by market players ahead of the publication of the results of the meeting of the Federal Open Market Committee (FOMC) was another factor jacking up the BEI index.
"After the significant surge in the BEI index , the market players should be prepared for the impact of possible profit taking," he said.
He predicted the BEI index would move around 4,306-4,513 points on Thursday.
There were 198,410 transactions in Wednesdats trading at the BEI with 4.22 billion shares worth Rp5.34 trillion changing hands.
Regional markets such as Hang Seng recorded a 0.82 percent increase in index to 22,141.61 points with Nikkei index up 2.70 percent to 15,383.91 points and that of Straits Times down 0.47 percent to 3,047.34 points.(*)
Editor: Heru Purwanto
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