Composite Stock Price Index ( CSPI ) opened up 8.96 points, or 0.21 percent, to 4191.31 on Wednesday .
Meanwhile , the index of 45 leading stocks ( LQ45 ) rose 2.31 points ( 0.33 percent ) to a level of 695.96 following the return of market participants taking long positions .
Head of Research at Trust Securities , Reza Priyambada said some Asian markets are still in the positive area pushing back the domestic stock market players taking long positions .
" Market participants take advantage of the momentum to back transactions . Larger cap stocks extended gains back , " he said .
He projected that on Wednesday ( 18/12 ) JCI will be in the range of 4125-4206 points . Although a positive move , but the pace of JCI will vary with a strong tendency limited .
" However , the rate of reinforcement can be changed when the domestic stock market players also be anticipating the Federal Open Market Committee ( FOMC ) , " he said .
Technical Analyst team in its study adds Mandiri Securities Financial Services Authority ( FSA ) is to continue the program pemudahan share repurchase ( buy back ) for issuers whose stock value has fallen dramatically affected the JCI movement .
Seeing the condition , he added , is expected this Wednesday JCI moves fluctuate before continuing reinforcement and will move in the range of 4155-4200 , " he said .
Regional exchanges , including the Hang Seng index fell 93.88 points ( 0.41 percent) to 23163.11 , the Nikkei - 225 index rose 235.96 points ( 1.54 percent ) to a level of 15514.59 and Straits Times fell 3 , 22 points ( 0.11 percent ) to 3064.18 position .
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