Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mixed on Friday, March 7, with three stocks gaining, three declining, and two remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.27% to 6,636.
Among the gainers, PT Barito Renewables Energy Tbk (BREN) led with a 2.37% increase to 6,475, followed by PT Maharaksa Biru Energi Tbk (OASA), which rose 1.56% to 130. PT Hero Global Investment Tbk (HGII) edged up 0.56% to 180.
On the losing side, PT Pertamina Geothermal Energy Tbk (PGEO) dropped 2.89% to 840, while PT Semacom Integrated Tbk (SEMA) fell 2.30% to 85. PT Terregra Asia Energy Tbk (TGRA) slipped 2.63% to 37.
Meanwhile, PT Arkora Hydro Tbk (ARKO) and PT Kencana Energi Lestari Tbk (KEEN) remained unchanged at 915 and 630, respectively.
Trading activity was highest for BREN, with over 22 million shares exchanged. The mixed market performance reflected investor caution amid fluctuating sector sentiment. (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.
