Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Friday, May 23, with three stocks gaining, two declining, and three finishing flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.66% to 7,214.163.
PT Barito Renewables Energy Tbk (BREN) led the gainers, rising 2.31% to 6,650. Its strong transaction value exceeded Rp 161 billion on a volume of over 24 million shares. PT Arkora Hydro Tbk (ARKO) also gained, climbing 0.59% to 850, while PT Semacom Integrated Tbk (SEMA) edged up 1.06% to 95.
On the downside, PT Pertamina Geothermal Energy Tbk (PGEO) fell 2.20% to 1,335, despite leading in transaction value with Rp 199 billion and volume of 146 million shares. PT Maharaksa Biru Energi Tbk (OASA) also declined slightly by 0.70% to 142.
Meanwhile, PT Hero Global Investment Tbk (HGII), PT Kencana Energi Lestari Tbk (KEEN), and PT Terregra Asia Energy Tbk (TGRA) all ended unchanged.
The market showed a mix of profit-taking and selective buying, with investor interest remaining high in 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.
