Jakarta — Shares of renewable energy issuers on the Indonesia Stock Exchange (IDX) mostly advanced on Monday, July 28, with three stocks posting gains, two weakening, and three remaining flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.95% to 7,614.768.
PT Pertamina Geothermal Energy Tbk (PGEO) led the rally, climbing 4.32% to 1,690 with the day’s highest transaction value of over Rp 177 billion and more than 106 million shares changing hands in 15,076 transactions.
PT Barito Renewables Energy Tbk (BREN) followed with a 3.59% increase to 7,925, recording a strong trading value of Rp 230 billion from nearly 29.4 million shares.
PT Maharaksa Biru Energi Tbk (OASA) also gained 4.85% to 216, with significant volume reaching 161 million shares valued at Rp 35.7 billion.
Meanwhile, PT Hero Global Investment Tbk (HGII) and PT Kencana Energi Lestari Tbk (KEEN) slipped 0.62% and 0.62%, respectively. HGII ended at 160, and KEEN at 800.
Three stocks closed unchanged: PT Arkora Hydro Tbk (ARKO) at 925, PT Semacom Integrated Tbk (SEMA) at 86, and PT Terregra Asia Energy Tbk (TGRA) at 27, with TGRA again recording no trading activity.
Today’s rally was driven by investor optimism in geothermal and clean energy assets, with PGEO and BREN dominating both value and frequency of trades. (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.
