The index of the Indonesian Stock Exchange rose 69.44 points to 4,850.53 points with index of 45 most liquid stocks up 2.04 percent to 827.55 points.
Analyst of HD Capital Yuganur Wijanarko said the GDP growth being higher than expectation was one of the factors prompting investors to buy shares resulting in higher JCI.
The Central Bureau of Statistics has announced that the countrys GDP in the second quarter of this year grew 4.67 percent pushing up the JCI to the market psychological area at the level of more than 4,800 points, Yuganur said.
On the other hand the oil price fall in the world market is expected to have positive impact on the purchasing power of the people and reduce production cost, he said.
He recommended buying consumer and retail stocks having big capitalization or second layer shares.
Trade on Wednesday recorded 225,808 transactions with 3.8 billion shares valued at Rp4.35 trillion changing hands.
Gainers outnumbered decliners by 189 to 117 shares with 85 shares remaining unchanged.
Regional markets such as Hang Seng, Nikkei and Straits Times recorded an increase in index. (*)
Editor: Heru Purwanto
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