Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mostly higher on Thursday, July 17, with five stocks advancing, one declining, and two remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.33% to 7,287.497.
PT Pertamina Geothermal Energy Tbk (PGEO) rose 1.24% to 1,630, leading in both volume and value with 195 million shares traded worth over Rp 323 billion across 25,346 transactions. PT Barito Renewables Energy Tbk (BREN) gained 0.32% to 7,725, booking a transaction value nearing Rp 298 billion from over 38 million shares.
PT Kencana Energi Lestari Tbk (KEEN) climbed 3.13% to 825, while PT Arkora Hydro Tbk (ARKO) and PT Hero Global Investment Tbk (HGII) also posted modest increases of 1.21% and 0.64%, respectively.
On the downside, PT Maharaksa Biru Energi Tbk (OASA) declined 5.82% to 178, despite recording the second-highest volume of over 132 million shares, with a transaction value surpassing Rp 23.6 billion.
Meanwhile, PT Semacom Integrated Tbk (SEMA) and PT Terregra Asia Energy Tbk (TGRA) ended flat at 85 and 27, respectively, with TGRA remaining inactive for the session.
Investor sentiment appeared cautiously optimistic as large-cap players like PGEO and BREN continued to draw strong interest, helping lift the sector overall. (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.
