Jakarta—Shares of issuers with renewable energy businesses ended in the red zone on Thursday, August 22. PT Barito Renewables Energy Tbk (BREN) shares were among the top losers, contributing to the pressure on the Indonesia Composite Index (IDX Composite), which has been moving in the red zone all day.
BREN shares ended today at 9,375, or 1.57% lower. Meanwhile, IDX Composite closed at 7,488.67 at the end of the second trading session, weakened 0.87%, and left the psychological level of 7,500.
Having opened green to penetrate the highest level of 9,625 at the beginning of today’s trading, Barito Renewables Energy shares then turned to the red zone until the end of trading. Nevertheless, throughout the current year, BREN shares are still recorded to have strengthened by 25.42%, with a market capitalization value of IDR 1,254.25 trillion.
The shares of other renewable energy issuers also weakened in today’s trade, with PT Arkora Hydro Tbk (ARKO) recording the largest percentage decline, namely 7.36% to 1,070. The second largest decline was experienced by PT Terregra Asia Energy Tbk (TGRA) shares, which depreciated 6.25% to level 30.
The shares of other renewable energy issuers, namely PT Pertamina Geothermal Energy Tbk (PGEO), weakened by 0.83% to 1,190, PT Kencana Energi Lestari Tbk (KEEN) weakened by 1.42% to 695, and PT Semacom Integrated (SEMA) fell 1.8% to 109.
Finally, shares of PT Maharaksa Biru Energi Tbk (OASA) weakened 0.71% to 140. (hs)
