Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mostly lower on Tuesday, July 1, with five stocks in decline, two remaining flat, and only one stock posting gains. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.18% to 6,915.36.
PT Pertamina Geothermal Energy Tbk (PGEO) led the losses, dropping 2.12% to 1,385 despite recording the highest trading volume of the day at 75.6 million shares and a transaction value of over Rp 107 billion. PT Arkora Hydro Tbk (ARKO) followed with a 1.88% loss to 785, while PT Kencana Energi Lestari Tbk (KEEN) fell 1.27% to 780.
Other decliners included PT Semacom Integrated Tbk (SEMA), down 2.35% to 83, and PT Hero Global Investment Tbk (HGII), which lost 2.45% to 159.
Meanwhile, PT Barito Renewables Energy Tbk (BREN) was the only gainer, rising 0.43% to 5,900, with a strong transaction value of Rp 132 billion from over 22 million shares traded. Both PT Maharaksa Biru Energi Tbk (OASA) and PT Terregra Asia Energy Tbk (TGRA) closed flat at 189 and 27, respectively, with no trading activity reported.
The session reflected widespread selling pressure in the clean energy sector, especially among heavyweight names like PGEO, as investors locked in recent gains. (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.
