Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) mainly closed in the red on Wednesday, April 30, with six out of eight monitored stocks declining, one advancing, and one remaining flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.24% to 6,765.082.
PT Pertamina Geothermal Energy Tbk (PGEO) led the losers, dropping 3.19% to 910, followed by PT Kencana Energi Lestari Tbk (KEEN) and PT Arkora Hydro Tbk (ARKO), which fell 1.75% and 2.17%, respectively. PT Semacom Integrated Tbk (SEMA) declined 2.44% to 80, and PT Hero Global Investment Tbk (HGII) edged down 0.56% to 179.
PT Barito Renewables Energy Tbk (BREN) remained unchanged at 6,025, while PT Maharaksa Biru Energi Tbk (OASA) rose 2.86% to 144. PT Terregra Asia Energy Tbk (TGRA) gained 5.88% to 36, marking the day’s strongest percentage increase.
OASA recorded the highest trading volume with over 58.9 million shares, while BREN continued to lead in transaction value, exceeding Rp 44.7 billion. The broader market trend reflected profit-taking after several days of gains in the clean energy sector. (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.
