Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Tuesday, May 27, with three stocks gaining, four declining, and one finishing flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.08% to 7,193.959.
PT Maharaksa Biru Energi Tbk (OASA) led the gainers, rising 3.57% to 145, with over 76 million shares traded and transaction value exceeding Rp 10.9 billion. PT Barito Renewables Energy Tbk (BREN) also posted a modest gain of 0.77% to 6,575, maintaining the highest value turnover of the day at more than Rp 108 billion. PT Arkora Hydro Tbk (ARKO) inched up 0.58% to 865.
On the downside, PT Semacom Integrated Tbk (SEMA) dropped 5.32% to 89, while PT Kencana Energi Lestari Tbk (KEEN) fell 1.19% to 830. PT Pertamina Geothermal Energy Tbk (PGEO) slipped 0.37% to 1,345, despite recording the day’s highest volume at over 207 million shares and the highest transaction value at more than Rp 284 billion. PT Hero Global Investment Tbk (HGII) edged down 0.57% to 175.
PT Terregra Asia Energy Tbk (TGRA) gained 5.88% to 36, with modest trading activity. The session reflected cautious optimism, with selective buying in BREN and OASA amid broad market consolidation. (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.
