Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mixed on Monday, April 28. Gains in several major counters were offset by losses in others. Four stocks rose, while four others declined. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.7% to 6,725.686.
PT Kencana Energi Lestari Tbk (KEEN) led the gainers, jumping 6.58% to 810, followed by PT Arkora Hydro Tbk (ARKO), which climbed 3.85% to 945. PT Barito Renewables Energy Tbk (BREN) edged up 0.83% to 6,050, while PT Hero Global Investment Tbk (HGII) closed flat at 180.
On the downside, PT Pertamina Geothermal Energy Tbk (PGEO) dropped 4.15% to 925, and PT Maharaksa Biru Energi Tbk (OASA) slipped 4.14% to 139. PT Semacom Integrated Tbk (SEMA) and PT Terregra Asia Energy Tbk (TGRA) each declined slightly by 1.22% and 3.13%, respectively.
BREN led the market in trading value with transactions worth over Rp 161 billion, while OASA dominated in trading volume with more than 268 million shares exchanged. The market’s mixed performance reflected a cautious start to the week amid selective buying and profit-taking activities. (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.
