Jakarta stocks closed in positive territory on Thursday, rebounding from losses the previous session partly sparked by explosions in the West Java city of Bandung, analysts said.
The Jakarta Composite Index finished 0.14 percent higher at 745.34 points in thin trading, with an estimated turnover of 421.14 billion rupiah ($47 million).
"I think the market started to rebound today from yesterday's fall due to the blasts," said Fitri Murniawati, an analyst at BNI Securities said.
Reports of explosions in Bandung had triggered fears of violence and pushed the Jakarta index to a two week low on Wednesday. Police said they were from two small explosive devices resembling firecrackers more than bombs, and did no damage, but such details were murky when the news first broke.
Among the gainers were the country's largest telecom firm PT Telekomunikasi Indonesia Tbk, which booked an 0.68 percent rise to 7,450 rupiah, and cigarette maker PT Hanjaya Mandala Sampoerna Tbk, which jumped 1.92 percent to 5,300 rupiah.
Newly listed motorcycle assembler PT Sanex Qianjiang Motor International Tbk, which floated 120 million new shares at the price of 250 rupiah each, gained six percent at its debut.
Looking ahead some analysts see a lack of positive leads and a wait-and-see mood among investors until after the second round presidential election on September 20.
Latest results from the July 5 presidential election showed ex-general and former chief security minister Susilo Bambang Yudhoyono still led with 33.6 percent of the votes, below the 50 percent-plus mark needed to avoid the September run-off.
The rupiah currency was being quoted at 8,960/8,975 to the dollar late on Thursday, fairly stable compared to what it was in morning trade.