Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Friday, July 11, with three stocks advancing, three declining or weakening, and two remaining flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.6% to 7,047.438.
PT Pertamina Geothermal Energy Tbk (PGEO) led the gains, rising 0.68% to 1,490 with the highest transaction value of the day at over Rp 96.4 billion from more than 64.3 million shares traded. PT Kencana Energi Lestari Tbk (KEEN) followed, climbing 1.22% to 830, supported by a trading volume of over 6.2 million shares.
PT Hero Global Investment Tbk (HGII) also posted a modest gain of 0.63% to 160, with a solid volume of over 12.2 million shares.
On the downside, PT Maharaksa Biru Energi Tbk (OASA) dropped 3.43% to 169, despite leading in trading volume with more than 95.6 million shares and a transaction value exceeding Rp 16.3 billion. PT Arkora Hydro Tbk (ARKO) slipped 0.62% to 805.
Meanwhile, PT Barito Renewables Energy Tbk (BREN) and PT Semacom Integrated Tbk (SEMA) closed flat at 6,100 and 86, respectively. PT Terregra Asia Energy Tbk (TGRA) also remained unchanged at 27, with no trading activity.
Market sentiment remained selective, with investors favouring large-cap plays like PGEO while locking in gains from mid-tier names such as OASA and ARKO. (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.
