The index of the Indonesian Stock Exchange (BEI) rose 48.35 points to 4,962.94 points with index of 45 most liquid stocks up 0.93 percent to 838.11 points.
"The favorable market condition in the region prompted market players to buy more shares," chief researcher of Woori Korindo Securities Indonesia Reza Priyambada said.
The increase in the BEI index, however was curbed with share selling by foreign investors that resulted in foreign net sell of Rp182.549 billion on Wednesday.
"The majority sectors including finance, consumer and manufacturing shares gave enough ammunition to prop up the JCI to a positive area," Reza said.
HD Capitals analyst Yuganur Wijanarko said political sentiment in the country tended to be positive ahead of the installation of the countrys new president had prompted the market players to buy more shares.
Trade on Wednesday recorded 234,941 transactions with 3.16 billion shares valued at Rp4.62 trillion changing hands.
Gainers outnumbered decliners by 180 to 141 shares with 71 shares remaining flat.
Regional markets such as Hang Seng, Nikkei and Straits Times recorded an increase in index.
(Uu.H-ASG/H-YH)
Editor: Priyambodo RH
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