First day of 2025 trading, renewable energy stocks shift to green zone

Jakarta – Shares of companies with green energy businesses listed on the Indonesia Stock Exchange (IDX) tend to close in the green zone on Thursday, January 2, the first day of trading on the Indonesian stock exchange in 2025. Of the seven shares of energy issuers listed on the IDX trading board, five of them closed higher, and only one stock ended in the red zone and one other stock ended stagnant.

PT Barito Renewables Energy (BREN) shares were again one of the main drivers for the movement of the Composite Stock Price Index (CSPI) which closed green, with BREN shares weighing 7.7 index points.

The shares of this Prajogo Pangestu conglomerate issuer, ended at 9,475, or up 2.16%, and helped support the JCI which closed up 1.18% to 7,163.20.

In addition to BREN shares, the shares of other renewable energy issuers also ended in the green zone, namely PT Terregra Asia Energy Tbk (TGRA) which ended up 9.68% higher at level 34, PT Maharaksa Biru Energi Tbk (OASA) strengthened 1.42% at level 143, PT Kencana Energi Lestari Tbk (KEEN) rose 0.85% at level 595, and PT Pertamina Geothermal Energy Tbk (PGEO) shares which strengthened 0.53% at level 940.

Meanwhile, one share of renewable energy issuers that fell in the red zone was PT Arkora Hydro Tbk (ARKO), which closed 0.54% lower at 915. The shares of renewable energy issuers that ended stagnant were PT Semacom Integrated Tbk (SEMA) at 84. (hs)

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