Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mixed on Thursday, February 20, with three stocks gaining, two declining, and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.1% to 6,788.042.
Leading the gainers, PT Pertamina Geothermal Energy Tbk (PGEO) rose 2.75% to 935, followed by PT Hero Global Investment Tbk (HGII), which climbed 1.51% to 202, and PT Maharaksa Biru Energi Tbk (OASA), which edged up 2.26% to 136.
On the downside, PT Arkora Hydro Tbk (ARKO) slipped 0.53% to 935, and PT Barito Renewables Energy Tbk (BREN) fell 0.37% to 6,700.
Meanwhile, PT Kencana Energi Lestari Tbk (KEEN), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 650, 91, and 46, respectively.
Trading activity was led by OASA, with over 175 million shares exchanged. The mixed performance reflected cautious investor sentiment as the market navigated ongoing sector developments. (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.
