Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly lower on Tuesday, March 18, with five stocks declining and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 3.84% to 6,223.388.
Leading the losses, PT Barito Renewables Energy Tbk (BREN) plunged 11.79% to 5,050, followed by PT Pertamina Geothermal Energy Tbk (PGEO), which dropped 3.95% to 730. PT Hero Global Investment Tbk (HGII) and PT Kencana Energi Lestari Tbk (KEEN) also weakened, falling 2.81% to 173 and 2.38% to 615, respectively. PT Terregra Asia Energy Tbk (TGRA) edged down 2.78% to 35.
Meanwhile, PT Arkora Hydro Tbk (ARKO), PT Maharaksa Biru Energi Tbk (OASA), and PT Semacom Integrated Tbk (SEMA) remained unchanged at 900, 124, and 82, respectively.
BREN led trading activity, with over 49 million shares exchanged. The significant declines reflected ongoing market volatility and cautious investor sentiment in the renewable energy sector. (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.
