Jakarta—Renewable energy issuer PT Barito Renewables Energy Tbk (BREN) closed significantly higher on Wednesday, September 4. The increase also contributed to the Indonesia Composite Index (IDX Composite) movement, which ended in the green zone.
At 16:00 WIB, BREN shares ended at 11,250, or 9.76% higher. And since the beginning of this year, Barito Renewables Energy shares have appreciated 50.5%.
The increase also confirmed BREN’s position as the issuer with the largest market capitalization on the Indonesia Stock Exchange (IDX). Today, PT Barito Renewables Energy Tbk’s market cap has reached IDR 1,505.09 trillion. This is increasingly leaving PT Bank Central Asia Tbk (BBCA) in second place, with a market cap value of IDR 1,269.73 trillion.
Today’s positive movement of BREN shares also helped push the IDX Composite to strengthen 0.74% to 7,672.89 at the end of trading. (hs)
