Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mixed on Wednesday, April 16, with gains in several key stocks offset by notable declines in others. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.65% to 6,400.054.
PT Arkora Hydro Tbk (ARKO) led the gainers with a strong 10% jump to 935, followed by PT Hero Global Investment Tbk (HGII), which rose 3.61% to 172. PT Kencana Energi Lestari Tbk (KEEN) advanced, gaining 1.45% to 700.
On the downside, PT Barito Renewables Energy Tbk (BREN) fell 5.08% to 5,600, erasing some of its previous gains. PT Pertamina Geothermal Energy Tbk (PGEO) declined 2.91% to 835, and PT Maharaksa Biru Energi Tbk (OASA) dipped 3.15% to 123.
Meanwhile, PT Semacom Integrated Tbk (SEMA) and PT Terregra Asia Energy Tbk (TGRA) closed unchanged at 81 and 32, respectively.
HGII posted the highest trading volume of the day with over 33 million shares exchanged, while BREN remained the most actively traded by value. The mixed market performance suggests investor rotation and profit-taking after recent rallies. (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.
