The index of the Indonesian Stock Exchange (BEI) rose 43.09 points or 0,84 per4cent to 5,165.40 points with index of 45 most liquid stocks up 1.04 percent to 890.07.
Asjaya Indosurya Securities analyst William Suryawijaya said the rupiah value rose against the US dollar giving a positive sentiment to the share market.
In addition, the majority markets in the world recorded an increase in indices driving the JCI higher.
"Investors tend to follow the global market trend as there was minimum domestic sentiment, William said, adding the JCI could rise as high as 5,229 pints in the coming days.
Meanwhile HD Capitals analyst Yuganur Wijanarko said the JCI rise was shadowed by negative sentiment from potential inflation in December estimated at more than 2.2 percent as a result of thye subsidized BBM price hike in mid November.
"Inflation in December will still shadows the domestic share market," he said.
Trade on Wednesday was recorded with 271.941 transactions and 4.39 billion shares valued at Rp4.39 trillion changing hands.
Gainers outnumbered decliners by 177 to 135 shares with 92 shares remaining unchanged.
Regional markets such as Hang Seng and Straits Times recorded an increase in indices and Nikkei recordewd a decline.(*)
Editor: Heru Purwanto
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