Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) mainly closed lower on Wednesday, June 25, with six out of eight stocks in decline and two remaining flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.71% to 6,820.542.
PT Pertamina Geothermal Energy Tbk (PGEO) posted the highest transaction value of the day, reaching over Rp 150 billion, despite slipping 0.38% to 1,320 with more than 112 million shares traded. PT Maharaksa Biru Energi Tbk (OASA) recorded the highest trading volume at over 55.7 million shares, but fell sharply by 7.28% to 191.
PT Barito Renewables Energy Tbk (BREN) dropped 1.28% to 5,775, contributing over Rp 49.6 billion in transaction value. Other losers included PT Arkora Hydro Tbk (ARKO), down 3.07% to 790, PT Kencana Energi Lestari Tbk (KEEN), which fell 1.26% to 785, and PT Hero Global Investment Tbk (HGII), down 1.27% to 156.
Meanwhile, PT Semacom Integrated Tbk (SEMA) and PT Terregra Asia Energy Tbk (TGRA) closed flat at 83 and 27, respectively, with TGRA recording no trades.
The session reflected broad selling pressure on clean energy stocks amid continued market caution following regional geopolitical tensions and concerns about inflation. (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.
