Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed broadly lower on Thursday, June 19, with seven out of eight monitored stocks ending in the red and one finishing flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 1.96% to 6,968.639.
PT Pertamina Geothermal Energy Tbk (PGEO) posted the steepest decline, falling 5.77% to 1,470 despite recording the highest transaction value of the day at Rp 197 billion and volume of 132 million shares across 14,250 trades. PT Barito Renewables Energy Tbk (BREN) followed with a 2.78% drop to 6,125, registering the highest volume at 19.09 million shares and the second-highest value at over Rp 118 billion.
Other notable decliners included PT Arkora Hydro Tbk (ARKO), down 4.85% to 785, PT Maharaksa Biru Energi Tbk (OASA), which lost 5.56% to 187, and PT Hero Global Investment Tbk (HGII), down 3.01% to 161. PT Kencana Energi Lestari Tbk (KEEN) and PT Semacom Integrated Tbk (SEMA) also declined slightly.
PT Terregra Asia Energy Tbk (TGRA) was the only stock to close unchanged at 30, with minimal trading activity.
The session reflected widespread profit-taking and bearish sentiment across the sector following recent rallies, particularly in large-cap names 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.
