Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Tuesday, July 22, with one standout gainer, three losers, and four stocks finishing unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.72% to 7,344.736.
PT Arkora Hydro Tbk (ARKO) led the gains, rallying 14.20% to close at 965, up 120 points from the previous session, on strong volume of over 6 million shares and a transaction value of Rp 5.65 billion.
On the downside, PT Pertamina Geothermal Energy Tbk (PGEO) declined 5.09% to 1,585, recording the day’s highest trading volume at over 137 million shares and a value of more than Rp 222 billion. PT Maharaksa Biru Energi Tbk (OASA) also retreated by 3.05% to 191, with a transaction volume exceeding 22 million shares.
PT Barito Renewables Energy Tbk (BREN) edged down 0.32% to 7,875, despite a sizeable trading value of Rp 575 billion from over 70 million shares traded.
Meanwhile, PT Hero Global Investment Tbk (HGII) and PT Kencana Energi Lestari Tbk (KEEN) remained flat at 157 and 810, respectively. PT Semacom Integrated Tbk (SEMA) slipped slightly by 1.18% to 84, while PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 27 with no recorded trades.
Today’s market exhibited heightened volatility in clean energy stocks, with ARKO attracting strong investor interest, while large caps such as PGEO and BREN experienced profit-taking. (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.
