Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mixed on Friday, July 4, with four stocks gaining, three declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.21% to 6,863.338.
PT Pertamina Geothermal Energy Tbk (PGEO) saw the largest transaction value of the day at over Rp 78.3 billion, but slipped 2.43% to 1,405 despite active trading of over 54 million shares. PT Barito Renewables Energy Tbk (BREN) also fell 0.87% to 5,700, with a transaction value of more than Rp 26.9 billion from 4.7 million shares.
The top gainer was PT Kencana Energi Lestari Tbk (KEEN), up 1.28% to 790, followed by PT Arkora Hydro Tbk (ARKO), which edged up 0.63% to 805. PT Hero Global Investment Tbk (HGII) and PT Semacom Integrated Tbk (SEMA) each added 1 point, closing at 160 and 84, respectively.
PT Maharaksa Biru Energi Tbk (OASA) recorded the highest trading volume, exceeding 94 million shares, but declined 2.73% to 178. PT Terregra Asia Energy Tbk (TGRA) remained flat at 27, with no trading activity.
Market sentiment appeared cautious, with large-cap declines in PGEO and BREN overshadowing gains in smaller issuers, suggesting investor preference for selective buying ahead of the weekend. (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.
