Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly lower on Thursday, March 13, with four stocks declining, one gaining, and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.26% to 6,647.417.
Among the decliners, PT Maharaksa Biru Energi Tbk (OASA) saw the sharpest drop, falling 4.88% to 117. PT Pertamina Geothermal Energy Tbk (PGEO) slipped 1.23% to 805, while PT Barito Renewables Energy Tbk (BREN) and PT Kencana Energi Lestari Tbk (KEEN) declined 1.22% to 6,075 and 0.79% to 630, respectively.
On the upside, PT Hero Global Investment Tbk (HGII) gained 1.72% to 177.
Meanwhile, PT Arkora Hydro Tbk (ARKO), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 890, 83, and 37, respectively.
Trading volume was led by OASA, with over 169 million shares exchanged. The overall market sentiment remained cautious, with investors weighing sector trends and broader economic factors. (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.
