Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) mainly closed flat to higher on Wednesday, May 21, supported by substantial gains in key counters. Three stocks rose, one declined, and four remained unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.68% to 7,142.461.
PT Pertamina Geothermal Energy Tbk (PGEO) extended its rally, climbing 7.31% to 1,395 on a massive volume of 425 million shares and the day’s highest transaction value of over Rp 596 billion.
PT Semacom Integrated Tbk (SEMA) also advanced, rising 2.27% to 90, while PT Arkora Hydro Tbk (ARKO) gained 0.60% to 845.
On the downside, PT Maharaksa Biru Energi Tbk (OASA) declined 2.74% to 142, with over 56 million shares traded.
PT Barito Renewables Energy Tbk (BREN), PT Kencana Energi Lestari Tbk (KEEN), PT Hero Global Investment Tbk (HGII), and PT Terregra Asia Energy Tbk (TGRA) all ended unchanged, with BREN maintaining high transaction value at over Rp 118 billion.
The rally in PGEO drove overall sector sentiment, reinforcing investor confidence in geothermal and clean energy plays. (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.
