Jakarta – Shares of companies with green or renewable energy businesses ended mixed on Thursday, January 23, with most stocks ending in the green zone. Of the eight stocks of renewable energy issuers listed on the Indonesia Stock Exchange (IDX), five stocks closed higher, while three others closed lower.
The shares of renewable energy issuers that closed trading in the green zone on Thursday were PT Maharaksa Biru Energi Tbk (OASA), which gained 0.77% at 131, then PT Kencana Energi Lestari Tbk (KEEN) which gained 0.77% at 655, PT Semacom Integrated Tbk (SEMA) rose 1.15% at 88, PT Terregra Asia Energy Tbk (TGRA) rose 2.08% at 49, and PT Barito Renewables Energy Tbk (BREN) which gained 1.52% at 10,000.
BREN’s shares strengthened Thursday after news that its subsidiary, Star Energy Geothermal, has partnered with a global energy technology company listed on the United States Stock Exchange, SLB.
Meanwhile, the shares of renewable energy issuers that finished in the red zone today were PT Pertamina Geothermal Energy Tbk (PGEO), which fell 0.94% at 1,050, PT Arkora Hydro Tbk (ARKO), which fell 8.26% at 1,00, and PT Hero Global Investment Tbk (HERO), which fell 10.62% at 202.
Upward trend in renewable energy stocks continued for second day
On Wednesday, January 22, five stocks ended higher, one stock closed lower, and two stocks ended stagnant.
The shares of renewable energy issuers that ended in the green zone on Wednesday were PT Hero Global Investment Tbk (HGII), which rose significantly by 15.31% at 226, and PT Pertamina Geothermal Energy Tbk (PGEO), which also rose significantly by 14.59% at 1,060.
Other renewable energy issuers’ shares that also closed in the green were PT Semacom Integrated Tbk (SEMA), which rose 1.16% at 87, PT Kencana Energi Lestari Tbk (KEEN), which rose 6.56% at 650, and PT Arkora Hydro Tbk (ARKO), which rose 1.87% at 1,090.
Meanwhile, one share of renewable energy issuers that ended in the red zone on Wednesday was PT Maharaksa Biru Energi Tbk (OASA), which fell 3.7% at level 130. Meanwhile, two shares of renewable energy issuers that ended stagnant on Wednesday were PT Barito Renewables Energy Tbk (BREN), which closed at level 9,850, and PT Terregra Asia Energy Tbk (TGRA) at level 48. (hs)
