Jakarta—Shares of PT Barito Renewables Energy Tbk (BREN) ended in the green zone on Monday, August 26, and closed trading at 9,725, or strengthened 2.91%. Throughout today’s trading, BREN shares consistently moved in positive territory, or the range of 9,625 to 9,925.
Barito Renewables Energy shares helped push the IDX Composite back to break the all-time high by strengthening 0.82% to 7,606.19.
PT Barito Renewables Energy Tbk’s market capitalisation today was recorded at Rp1,301.07 trillion, confirming it as the issuer with the largest market capitalisation on the Indonesia Stock Exchange. It beat PT Bank Central Asia Tbk (BBCA), which has a market capitalisation of Rp1,272 trillion.
This achievement cannot be separated from the performance of BREN shares since the beginning of this year. As for the current year, BREN shares have strengthened by 30.1%.
BREN shares today were also affected by the positive sentiment surrounding the inclusion of shares of the Prajogo Pangestu conglomerate business group as a resident of the Financial Times Stock Exchange (FTSE) Russell global index.
The FTSE Global Equity Index is a prestigious index used by investors to make investment decisions. It covers 19,000 public companies with large, medium, small, and micro market capitalisations in 49 countries, including developing countries.
Based on the FTSE announcement, Barito Renewables Energy will be included in the index starting September 23, 2024.
The management of PT Barito Renewables Energy Tbk said that including the company’s shares in the FTSE Index is an important recognition of the company’s long-term vision in achieving Indonesia’s zero-emission target. (hs)
