Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mostly higher on Tuesday, April 29, with five stocks advancing, two declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.39% to 6,749.075.
PT Kencana Energi Lestari Tbk (KEEN) led the gainers, rising 5.56% to 855, followed by PT Terregra Asia Energy Tbk (TGRA), which jumped 9.68% to 34. PT Pertamina Geothermal Energy Tbk (PGEO) gained 1.62% to 940, while PT Maharaksa Biru Energi Tbk (OASA) and PT Semacom Integrated Tbk (SEMA) edged up 0.72% and 1.23%, respectively.
On the downside, PT Barito Renewables Energy Tbk (BREN) and PT Arkora Hydro Tbk (ARKO) each slipped 0.41% and 2.65%, respectively. PT Hero Global Investment Tbk (HGII) remained flat at 180, despite recording the day’s highest trading volume at over 26.8 million shares.
OASA and BREN also saw strong market interest, with transaction values exceeding Rp 17 trillion and Rp 49 billion, respectively. The overall upbeat session reflected continued investor appetite for clean energy stocks. (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.
