Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Friday, July 25, with four stocks advancing, three declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.13% to 7,540.704.
PT Maharaksa Biru Energi Tbk (OASA) led the gainers with an impressive 5.64% jump to 206, driven by strong investor appetite that saw more than 344 million shares traded, valued at over Rp 67.2 billion across 2,649 transactions.
PT Pertamina Geothermal Energy Tbk (PGEO) followed with a 1.25% increase to 1,620, continuing its upward momentum with the day’s highest trading volume of over 51.2 million shares and a transaction value of Rp 82.3 billion.
Other gainers included PT Hero Global Investment Tbk (HGII), which rose 2.55% to 161, and PT Semacom Integrated Tbk (SEMA), which edged up 1.18% to 86.
Meanwhile, PT Arkora Hydro Tbk (ARKO) saw the steepest drop, losing 6.09% to 925. PT Barito Renewables Energy Tbk (BREN) also weakened by 0.97% to 7,650, while PT Kencana Energi Lestari Tbk (KEEN) dipped 1.83% to 805.
PT Terregra Asia Energy Tbk (TGRA) remained flat at 27, with no recorded trades for the day.
Today’s mixed performance signals a selective buying trend in the clean energy sector, with trading activity centred on PGEO and OASA. (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.
