Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mixed on Monday, February 3. At the end of trading, two stocks recorded gains, five stocks declined, and one remained unchanged.
The Indonesian Composite Price Index (IDX Composite) closed lower by 1.42% to 7,008.147, while most Asian shares dropped in response to US President Trump’s imposed tariffs on Canada, Mexico, and China.
The renewable stocks that closed in the green were PT Kencana Energi Lestari Tbk (KEEN), which rose 0.79% to 640, and PT Terregra Asia Energy Tbk (TGRA), which edged up 2.08% to 49.
On the other hand, PT Barito Renewables Energy Tbk (BREN) suffered the steepest decline, falling 6.93% to 8,400. PT Pertamina Geothermal Energy Tbk (PGEO) followed with a drop of 3.68% to 915, while PT Arkora Hydro Tbk (ARKO) slipped 2.59% to 940. PT Hero Global Investment Tbk (HGII) weakened by 4.04% to 190, and PT Maharaksa Biru Energi Tbk (OASA) fell 2.16% to 136.
Meanwhile, PT Semacom Integrated Tbk (SEMA) remained unchanged at 89. Trading volume remained high, with BREN leading in transactions with over 27.4 million shares exchanged. The mixed performance of renewable energy stocks reflected ongoing market sentiment amid industry and economic developments. (nsh)
