Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) extended their gains on Tuesday, April 15. Six out of eight monitored stocks closed higher, with only two declining. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.15% to 6,441.683.
PT Barito Renewables Energy Tbk (BREN) led the advance with a 4.42% gain to 5,900, followed by PT Maharaksa Biru Energi Tbk (OASA), which jumped 8.55% to 127. PT Kencana Energi Lestari Tbk (KEEN) rose 4.55% to 690, while PT Arkora Hydro Tbk (ARKO) and PT Pertamina Geothermal Energy Tbk (PGEO) added 3.03% and 2.38%, respectively. PT Hero Global Investment Tbk (HGII) edged up 1.22% to 166.
On the downside, PT Semacom Integrated Tbk (SEMA) slipped 1.22% to 81, and PT Terregra Asia Energy Tbk (TGRA) lost 3.03% to close at 32.
Trading remained vibrant, with OASA recording the highest volume at over 343 million shares, while BREN led in value with transactions worth more than Rp 160 billion. The continued rally reflects sustained investor confidence in the sector following several sessions of gains. (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.
