Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) mainly ended in the red on Friday, June 20, with five stocks declining, two gaining, and one closing flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.88% to 6,907.138.
PT Pertamina Geothermal Energy Tbk (PGEO) led the losses, dropping 5.78% to 1,385 on the back of high trading activity—over 160 million shares traded, totalling more than Rp 229 billion in value. PT Barito Renewables Energy Tbk (BREN) also saw significant pressure, sliding 1.22% to 6,050 despite recording a sizeable transaction value of Rp 113 billion.
Other losers included PT Terregra Asia Energy Tbk (TGRA), down 10% to 27, PT Semacom Integrated Tbk (SEMA), which fell 1.18% to 84, and PT Kencana Energi Lestari Tbk (KEEN), which remained unchanged at 800.
On the upside, PT Maharaksa Biru Energi Tbk (OASA) gained 1.60% to 190 with a robust volume of over 321 million shares and transaction value surpassing Rp 60 billion. PT Arkora Hydro Tbk (ARKO) edged up 1.91% to 800, while PT Hero Global Investment Tbk (HGII) rose slightly by 1.24% to 163.
The market appeared cautious amid broader selling in heavyweight clean energy stocks, particularly PGEO and BREN, signalling a risk-off tone heading into the weekend. (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.
