Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) mostly declined on Thursday, February 27, with four stocks closing lower, two gaining, and two remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 1.83% to 6,485.448.
On the losing side, PT Arkora Hydro Tbk (ARKO) fell 2.70% to 900, while PT Barito Renewables Energy Tbk (BREN) dropped 3.50% to 6,200. PT Hero Global Investment Tbk (HGII) and PT Pertamina Geothermal Energy Tbk (PGEO) also weakened, declining 2.13% to 184 and 1.62% to 910, respectively.
Among the gainers, PT Maharaksa Biru Energi Tbk (OASA) rose 3.15% to 131, while PT Semacom Integrated Tbk (SEMA) edged up 1.12% to 90.
Meanwhile, PT Kencana Energi Lestari Tbk (KEEN) and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 645 and 44, respectively.
Trading activity was led by OASA, with over 35 million shares exchanged. The overall decline reflected cautious investor sentiment amid broader market volatility. (nsh)
Disclaimer: The data analysis for this article was conducted with the assistance of OpenAI GPT-4o, while the final content was manually edited for accuracy and clarity.
