Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly lower on Monday, March 10, with four stocks declining, one gaining, and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.57% to 6,598.212.
Among the decliners, PT Barito Renewables Energy Tbk (BREN) led with a 3.86% drop to 6,225, followed by PT Arkora Hydro Tbk (ARKO), which fell 1.64% to 900. PT Hero Global Investment Tbk (HGII) and PT Pertamina Geothermal Energy Tbk (PGEO) also declined, falling 2.78% to 175 and 1.79% to 825, respectively.
On the positive side, PT Kencana Energi Lestari Tbk (KEEN) gained 1.59% to 640.
Meanwhile, PT Maharaksa Biru Energi Tbk (OASA) edged down 1.54% to 128, while PT Semacom Integrated Tbk (SEMA) and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 85 and 37, respectively.
Trading activity was led by OASA, with over 53 million shares exchanged. The general weakness in the sector reflected ongoing investor caution amid broader market uncertainties. (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.
