Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended primarily flat on Friday, April 11, as investor sentiment cooled following Thursday’s sharp rally. Only two of the eight monitored stocks posted gains, while one declined and the rest remained unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.13% to 6,262.226.
PT Barito Renewables Energy Tbk (BREN) continued its upward momentum with a 3% rise to 5,150, while PT Kencana Energi Lestari Tbk (KEEN) added 1.54% to close at 660. In contrast, PT Hero Global Investment Tbk (HGII) slipped 4.19% to 160, reversing some of its previous day’s gains.
Meanwhile, PT Arkora Hydro Tbk (ARKO), PT Maharaksa Biru Energi Tbk (OASA), PT Pertamina Geothermal Energy Tbk (PGEO), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) all closed unchanged.
Trading volume was led by OASA, which recorded over 72 million shares traded, while BREN remained the top value mover with a turnover exceeding Rp 103 billion. The market’s calm finish suggests a wait-and-see approach from investors heading into the weekend. (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.
