Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) mainly closed lower on Friday, June 13, with six stocks declining, one gaining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.41% to 7,174.937.
PT Pertamina Geothermal Energy Tbk (PGEO) led the losers, dropping 4.01% to 1,435, despite topping the day’s trading volume at 150 million shares and transaction value at over Rp 216 billion. PT Maharaksa Biru Energi Tbk (OASA) also posted a steep loss of 6.77% to 179, with over 62.7 million shares traded.
Other decliners included PT Barito Renewables Energy Tbk (BREN), which slipped 1.16% to 6,375, PT Kencana Energi Lestari Tbk (KEEN), down 1.23% to 800, PT Hero Global Investment Tbk (HGII), off 1.17% to 169, and PT Terregra Asia Energy Tbk (TGRA), down 6.67% to 28.
The only gainer was PT Arkora Hydro Tbk (ARKO), which rose 0.60% to 840. PT Semacom Integrated Tbk (SEMA) closed flat at 87.
The broad sell-off reflects a cooling of investor sentiment following recent rallies, especially in large-cap clean energy stocks such as 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.
