The index of the Indonesian Stock Exchange (BEI) rose 35.36 points to 4,993.87 points with index of 45 most liquid stocks up 0.83 percent to 844.39 points.
HD Capitals analyst Yuganur Wijanarko said the regional markets gained on Thursday giving positive sentiment to the domestic market.
Meanwhile, the effect of political rivalry in the countrys legislative bodies began to recede encouraging the investors to buy shares.
"Rupiah also has ended the declining trend . Now the market is believed to be ready to be on the rise,"Yuganur said, adding technically shares have been oversold.
Asjaya Indosurya Securities analyst William Surya Wijaya predicted the JCI would climb higher to cross the psychological level of 5,000 on Friday.
"The JCI will be on the increase in longer term," William said.
Trade on Thursday recorded 185,509 transactions with 3.14 billion shares valued at Rp3.46 trillion changing hands.
Gainers were 207 shares as against decliner of 95 shares with 97 shares remaining unchanged.
Regional markets such as Hang Seng and Straits Times recorded an increase in index with Nikkei declining.(*)
Editor: Heru Purwanto
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