Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly lower on Tuesday, March 4, with seven stocks declining and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 2.03% to 6,387.04.
PT Barito Renewables Energy Tbk (BREN) led the losses, falling 5.08% to 6,075, followed by PT Pertamina Geothermal Energy Tbk (PGEO), which dropped 4.47% to 855. PT Arkora Hydro Tbk (ARKO) weakened 3.26% to 890, while PT Maharaksa Biru Energi Tbk (OASA) and PT Hero Global Investment Tbk (HGII) each declined 3.20% to 121 and 2.23% to 175, respectively.
Other decliners included PT Kencana Energi Lestari Tbk (KEEN), which slipped 0.80% to 620, and PT Semacom Integrated Tbk (SEMA), which fell 2.30% to 85.
Meanwhile, PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 39.
Trading volume was highest for OASA, with over 129 million shares exchanged. The sharp declines reflected weak investor sentiment and profit-taking 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.
