Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Thursday, May 8, with three stocks gaining, four declining, and one ending flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 1.42% to 6,827.75.
PT Arkora Hydro Tbk (ARKO) led the gainers, rising 2.25% to 910, followed by PT Pertamina Geothermal Energy Tbk (PGEO), which gained 1.06% to 955. PT Semacom Integrated Tbk (SEMA) and PT Maharaksa Biru Energi Tbk (OASA) also edged up by 1 point each.
On the downside, PT Barito Renewables Energy Tbk (BREN) dropped 2.46% to 5,950, while PT Kencana Energi Lestari Tbk (KEEN) fell 2.25% to 870, and PT Hero Global Investment Tbk (HGII) slipped 1.68% to 176.
PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 38.
BREN posted the highest transaction value at over Rp 131 billion, while OASA dominated in trading volume with more than 102 million shares exchanged. The market reflected a day of selective trading as investors adjusted positions in the renewable energy sector. (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.
