Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly lower on Tuesday, February 25, with six stocks declining and two remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 2.04% to 6,611.645.
On the downside, PT Barito Renewables Energy Tbk (BREN) fell 2.78% to 6,125, leading the decline. PT Maharaksa Biru Energi Tbk (OASA) slipped 4.65% to 123, and PT Pertamina Geothermal Energy Tbk (PGEO) dropped 2.12% to 925. PT Hero Global Investment Tbk (HGII) decreased 2.56% to 190, while PT Kencana Energi Lestari Tbk (KEEN) and PT Semacom Integrated Tbk (SEMA) also weakened, falling 0.77% to 645 and 4.40% to 87, respectively.
Meanwhile, PT Arkora Hydro Tbk (ARKO) and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 940 and 44, respectively.
Trading activity was led by OASA, with over 89 million shares exchanged. The broad decline reflected cautious investor sentiment amid ongoing market volatility. (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.
