REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) extended gain on Wednesday with foreign investors buying more than selling shares.

The index of the Indonesian Stock Exchange (BEI) closed 9.7 points or 0.19 percent higher at 5,093.23 points with 45 most liquid stocks up 0.05 percent to 873.34 points.

"Foreign investors still continue to buy shares," chief researcher of Trust Securities Reza Priyambada said.

Foreign net buy was recorded at Rp509.798 billion in trade on Wednesday.

The JCI is expected to rise further in the following days with the market players beginning to think rationally, Reza said.

"The market players will buy shares under pressure in trade earlier days," he added.

There were 214,351 transaction at the BEI on Wednesday with 4.17 billion shares valued at Rp5.20 trillion changing hands.

Gainers outnumbered decliners by 234 to 113 shares with 85 other shares unchanged.

Regional markets such as Hang Seng and Straits Times redorded an increase in index with Nikkei down.

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