Shares in Indonesia's biggest stock market debut surged on Thursday as the Southeast Asian country emerged from a protracted political crisis.

Indonesian stocks were among the best-performing in Asia on Wednesday, as investors bet that President Joko Widodo's reform-minded government would bring stability to the economy.

The Jakarta Composite Index was up 6.2 percent at the close of trading, outpacing the 5.5 percent gain in the broader Emerging Markets Index.