Jakarta — Renewable energy shares on the Indonesia Stock Exchange (IDX) closed broadly higher on Wednesday, with six stocks advancing, one remaining unchanged, and one untraded. The positive sentiment came amid strong buying interest in large-cap clean energy counters. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.02% to 7,516.828.
PT Pertamina Geothermal Energy Tbk (PGEO) gained 1.26% to close at 1,605, supported by robust trading activity with over 125.5 million shares exchanged, resulting in a transaction value exceeding Rp 204.9 billion across 18,051 trades.
PT Arkora Hydro Tbk (ARKO) saw the sharpest gain of the day, rising 12% to 1,120, while PT Maharaksa Biru Energi Tbk (OASA) climbed 4% to 208, trading a massive 264.9 million shares worth Rp 53.5 billion.
Other gainers included PT Barito Renewables Energy Tbk (BREN), up 2.12% to 7,225, and PT Semacom Integrated Tbk (SEMA), which rose 5.49% to 96. PT Hero Global Investment Tbk (HGII) also inched up 0.7% to 143.
PT Kencana Energi Lestari Tbk (KEEN) remained unchanged at 800, while PT Terregra Asia Energy Tbk (TGRA) saw no trading activity, closing flat at 27.
The upbeat performance signals renewed investor confidence in the sector, led by strong volumes in PGEO and OASA, as the IDX Composite tracked regional markets higher. (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.
