Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mixed on Tuesday, July 29, with two stocks gaining, four declining, and two remaining flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.83% to 7,677.867.
PT Pertamina Geothermal Energy Tbk (PGEO) led the gainers, soaring 8.28% to 1,830 and recording the day’s highest transaction value of over Rp 432 billion with more than 243 million shares traded across 34,950 transactions.
PT Semacom Integrated Tbk (SEMA) edged up 1.16% to 87, while PT Barito Renewables Energy Tbk (BREN) and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 7,925 and 27, respectively.
Decliners included PT Maharaksa Biru Energi Tbk (OASA), which dropped 7.41% to 200 despite recording a substantial trading volume of over 335 million shares worth Rp 68.8 billion. PT Kencana Energi Lestari Tbk (KEEN) and PT Arkora Hydro Tbk (ARKO) each declined 0.63% and 0.54%, respectively. PT Hero Global Investment Tbk (HGII) also fell 1.88% to 157.
Investors appeared focused on PGEO’s strong performance, reflecting renewed confidence in the geothermal energy sector amid broader market uncertainty. (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.
