Jakarta — Shares of renewable energy issuers listed on the Indonesia Stock Exchange (IDX) closed mostly lower on Thursday, July 31, amid broad-based selling pressure. Out of eight tracked stocks, five declined, while three remained unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.67% to 7,499.542.
PT Pertamina Geothermal Energy Tbk (PGEO) led the losses, falling 2.93% to 1,655, with the highest trading volume at 142 million shares and value exceeding Rp 236 billion from 26,138 transactions.
PT Maharaksa Biru Energi Tbk (OASA) followed with a sharp drop of 15% to 170, amid intense activity with over 373 million shares traded, valued at Rp 70.5 billion across 5,080 trades.
Other laggards included PT Arkora Hydro Tbk (ARKO) down 1.62% to 910, PT Hero Global Investment Tbk (HGII) down 1.29% to 153, and PT Kencana Energi Lestari Tbk (KEEN) down 0.63% to 785.
Meanwhile, PT Barito Renewables Energy Tbk (BREN) held steady at 7,825, as did PT Semacom Integrated Tbk (SEMA) at 87, and PT Terregra Asia Energy Tbk (TGRA) at 27, the latter recording no trades for the day.
The downward movement reflects a cautious investor stance ahead of the weekend and potential global macroeconomic developments. (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.
