Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly higher on Wednesday, March 26, with five stocks gaining and three declining. The Indonesian Composite Price Index (IDX Composite) closed higher by 3.94% to 6,481.269.
Leading the gainers, PT Pertamina Geothermal Energy Tbk (PGEO) climbed 5.13% to 820, followed by PT Barito Renewables Energy Tbk (BREN), which rose 6.34% to 5,450. PT Maharaksa Biru Energi Tbk (OASA) increased 1.60% to 127, while PT Kencana Energi Lestari Tbk (KEEN) and PT Hero Global Investment Tbk (HGII) edged up 0.81% and 0.61%, respectively.
On the downside, PT Arkora Hydro Tbk (ARKO) fell 2.78% to 875, while PT Semacom Integrated Tbk (SEMA) and PT Terregra Asia Energy Tbk (TGRA) both slipped 1.20% and 3.03%, respectively.
OASA was the most actively traded stock, with over 91 million shares changing hands. Overall, the market saw a positive shift, buoyed by strong performances from major players like PGEO and BREN. (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.
