Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mostly lower on Monday, August 4, dragged down by sharp declines in major stocks such as PGEO and BREN, despite a strong rebound in OASA. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.97% to 7,464.645.
Five stocks closed in the red, led by PT Barito Renewables Energy Tbk (BREN), which plunged 7.69% to 7,200 with a turnover of more than Rp 287 billion across 25,932 trades, making it the day’s most actively traded stock.
PT Pertamina Geothermal Energy Tbk (PGEO) followed with a 4.45% decline to 1,610, logging over 128 million shares traded, valued at Rp 210 billion.
Other decliners included PT Arkora Hydro Tbk (ARKO), down 1.43% to 1,035, PT Hero Global Investment Tbk (HGII), which fell 2.80% to 139, and PT Kencana Energi Lestari Tbk (KEEN), slipping 0.62% to 800.
In contrast, PT Maharaksa Biru Energi Tbk (OASA) rebounded strongly, soaring 29.25% to 190 with a significant trading volume of over 281 million shares, valued at nearly Rp 49 billion across 12,281 transactions.
PT Semacom Integrated Tbk (SEMA) edged up 2.22% to 92, while PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 27, with no recorded trades for the day.
Monday’s session reflected increased volatility across the sector, with profit-taking and heavy institutional flows dominating sentiment, especially on high-volume counters. (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.
