Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) mainly closed lower on Friday, February 28, with seven stocks declining and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 3.31% at 6,270.597.
On the losing side, PT Hero Global Investment Tbk (HGII) posted the steepest decline, falling 4.89% to 175. PT Pertamina Geothermal Energy Tbk (PGEO) dropped 3.85% to 875, while PT Kencana Energi Lestari Tbk (KEEN) weakened 3.10% to 625. PT Maharaksa Biru Energi Tbk (OASA), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) also saw losses, declining 4.58% to 125, 3.33% to 87, and 6.82% to 41, respectively. PT Barito Renewables Energy Tbk (BREN) edged down 1.21% to 6,125.
Meanwhile, PT Arkora Hydro Tbk (ARKO) remained unchanged at 900.
BREN led trading activity, with over 14 million shares exchanged. The broad market decline reflected weak investor sentiment ahead of the weekend. (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.
