Renewable energy stocks close mixed on Tuesday, February 18

Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mixed on Tuesday, February 18, with three stocks gaining, two declining, and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.46% to 6,862.165.

Among the gainers, PT Arkora Hydro Tbk (ARKO) and PT Kencana Energi Lestari Tbk (KEEN) each rose 1.08% to 940 and 1.56% to 650, respectively. PT Hero Global Investment Tbk (HGII) also gained 1.53% to 199.

On the downside, PT Barito Renewables Energy Tbk (BREN) dropped 2.85% to 6,825, while PT Pertamina Geothermal Energy Tbk (PGEO) slipped 2.25% to 870.

Meanwhile, PT Maharaksa Biru Energi Tbk (OASA) and PT Semacom Integrated Tbk (SEMA) remained unchanged at 132 and 89, respectively. PT Terregra Asia Energy Tbk (TGRA) edged up 2.13% to 48.

Trading volume was highest for BREN, with over 26 million shares exchanged. The mixed performance of renewable energy stocks reflected cautious investor sentiment amid broader market movements. (nsh)

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