Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) staged a broad rebound on Tuesday, June 24, with six stocks advancing, one declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed hihger by 1.33% to 6,877.206.
PT Maharaksa Biru Energi Tbk (OASA) led the rally with a 7.85% gain to 206, supported by the day’s highest trading volume at 246 million shares and a transaction value exceeding Rp 50 billion. PT Arkora Hydro Tbk (ARKO) followed with a 7.95% rise to 815, rebounding strongly from recent losses.
Other notable gainers included PT Kencana Energi Lestari Tbk (KEEN), which rose 2.58% to 795, and PT Barito Renewables Energy Tbk (BREN), up 0.86% to 5,850, with a significant transaction value of over Rp 88.3 billion.
PT Pertamina Geothermal Energy Tbk (PGEO) edged up 0.38% to 1,325, booking the highest value among peers at more than Rp 238 billion from 180 million shares traded. PT Hero Global Investment Tbk (HGII) inched up 0.64% to 158.
PT Semacom Integrated Tbk (SEMA) was the only stock to finish in the red, slipping 1.19% to 83, while PT Terregra Asia Energy Tbk (TGRA) ended flat at 27 with no recorded trading.
The rebound suggests that investor appetite is returning to clean energy plays, especially in small- to mid-cap names, following recent regional and global volatility. (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.
