Jakarta — Shares of renewable energy companies on the Indonesia Stock Exchange (IDX) closed mixed on Friday, August 1, with four issuers gaining, three declining, and one ending flat. Despite the mixed performance, trading activity remained high across several counters. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.71% to 7,537.768.
PT Arkora Hydro Tbk (ARKO) posted the strongest gain of the day, jumping 15.38% to 1,050 with over 2.4 million shares traded, generating Rp 2.37 billion in value across 619 transactions.
PT Pertamina Geothermal Energy Tbk (PGEO) rose 1.81% to 1,685, maintaining strong investor interest with the day’s highest transaction volume of over 161 million shares worth Rp 267 billion from 22,784 trades.
Other gainers included PT Kencana Energi Lestari Tbk (KEEN), up 2.55% to 805, and PT Semacom Integrated Tbk (SEMA), which added 3.45% to 90.
On the downside, PT Maharaksa Biru Energi Tbk (OASA) plummeted 13.53% to 147, despite heavy trading volume of over 231 million shares and total transaction value exceeding Rp 34.4 billion.
PT Hero Global Investment Tbk (HGII) slipped 6.54% to 143, and PT Barito Renewables Energy Tbk (BREN) edged down 0.32% to 7,800. PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 27, with no recorded trades.
Today’s session reflects both selective buying and profit-taking, as investors weigh sector fundamentals and broader market cues heading into the new month. (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.
