Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Monday, May 26, with three stocks gaining and five ending in the red. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.56% to 7,174.158.
PT Pertamina Geothermal Energy Tbk (PGEO) led the gainers, rising 1.12% to 1,350, with the highest transaction value of the day at over Rp 234 billion on a volume of 179 million shares. PT Arkora Hydro Tbk (ARKO) also gained 1.18% to 860, while PT Hero Global Investment Tbk (HGII) edged up 2.33% to 176.
Meanwhile, PT Barito Renewables Energy Tbk (BREN) posted the steepest loss, falling 1.88% to 6,525, despite recording a high transaction value of more than Rp 128 billion. Other decliners included PT Kencana Energi Lestari Tbk (KEEN) down 1.18%, PT Maharaksa Biru Energi Tbk (OASA) down 1.41%, PT Semacom Integrated Tbk (SEMA) down 1.05%, and PT Terregra Asia Energy Tbk (TGRA) slipping 2.86% to 34.
The mixed market reflects continued investor rotation across clean energy stocks, with PGEO maintaining momentum as the most actively traded stock of the session. (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.
