REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) closed the year 2014 higher crossing the level of 5,200 points in the last trading days on Tuesday (30/12).

The index of the Indonesian Stock Exchange (BEI) rose 48.57 points or 0.94 percent to 5,226.94 points with index of 45 most liquid stocks gaining 0.65 percent to 898.58.

"The BEI index growth is one of the strongest in the Asia Pacific this year -- growing by 22.29 percent," chairman of the Board of Commissioners of the Financial Service Authority (OJK) Muliaman D. Hadad said addressing the closing ceremony here.

Muliaman said deepening the market will continue to be in the agenda of the stock market authority, adding the number of listed companies and local investors are expected to continue to rise in the coming years.

"With many infrastructure project securities that could be sold at the stock exchange, the market is expected to expand," he said.

Meanwhile, president director of BEI Ito Warsito said in deepening the stock market, a number of initiatives have been taken by BEI such as raising the number of floating share by revising the I A regulation on share listing and non share equity securities issued by listed companies.

"The revision is to improve the liquidity of the Indonesian stock market and at the same time to give greater alternatives to investors," Ito said.

Trading on Tuesday recorded 211,878 transactions with 4.72 billion shares valued at Rp3.35 trillion.

Gainers outnumbered decliners by 202 to 154 shares with 80 shares remaining flat.

Regional markets such as Hang Seng, Nikkei and Straits Times recorded a decline in indices.

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