Jakarta—Shares of companies with renewable energy businesses listed on the Indonesia Stock Exchange (IDX) closed mixed in trading ahead of the weekend, Friday, January 24. At the end of trading today, four shares of renewable energy issuers closed higher, while three shares weakened, and one stock remained stagnant.
The stocks that closed trading in the red zone were PT Terregra Asia Energy Tbk (TGRA), which gained 2.04% at level 50, PT Maharaksa Biru Energi Tbk (OASA), which gained 1.53% at level 133, PT Arkora Hydro Tbk (ARKO), which gained 1% at level 1,010, and PT Hero Global Investment Tbk (HGII), which gained 2.94% at level 214.
HGII shares rose significantly after Japanese company Shikoku Electric Power Company, Incorporated, aka Yonden, announced that it had acquired 25% of the company’s shares.
Meanwhile, the shares of renewable energy issuers that finished in the red zone, namely PT Kencana Energi Lestari Tbk (KEEN), weakened by 3.05% to 635, PT Pertamina Geothermal Energy Tbk (PGEO), weakened by 4.76% to 1,00 and PT Barito Renewables Energy Tbk (BREN), fell 4% to 9,600.
BREN shares again contributed to the Composite Stock Price Index’s decline of 15.3 index points. The IDX Composite closed down 0.92% to 7,166.06, correcting to the psychological level of 7,100.
One share of renewable energy issuers that ended stagnant was the share of PT Semacom Integrated Tbk (SEMA) at level 88. (hs)
