The index of the Indonesian Stock Exchange (BEI) rose 32.05 points or 0.73 percent to 4,384.31 points with index of 45 most liquid stocks up 1.01 percent to 734 points.
"Rupiah appreciation and data showing the countrys economy growing 5.78 percent in 2013 were the main drivers for BEI index," chief researcher of Trust Securities, Reza Priyambada said.
Reza said the positive sentiment encouraged foreign investors to buy back shares.
Trade data showed that foreign net buy reached Rp144.150 billion on Wednesday.
Meanwhile, Asjaya Indosurya Securities analyst William Suryawijaya predicted the domestic market is on the increase.
He said the BEI index could go up as high as 4,348-4,432 points on Thursday.
Trade data at BEI on Wednesday showed there were 212,536 transactions with 3.46 billion shares valued at Rp4.08 trillion changing hands.
Regional market such as Hang Seng fell in index by 0.60 percent to 21,269.38 points with Nikkei index up 1.23 percent to 14,180.38 and that of Straits Times down 0.03 percent to 2,964.90 points. (*)
Editor: Heru Purwanto
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