Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mixed on Wednesday, June 18, with one gainer, three stocks flat, and four declining. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.67% to 7,107.789.
PT Maharaksa Biru Energi Tbk (OASA) led the market with a strong rally, gaining 7.61% to close at 198, supported by a heavy trading volume of over 208 million shares and transaction value exceeding Rp 41.2 billion.
On the losing side, PT Pertamina Geothermal Energy Tbk (PGEO) fell 3.11% to 1,560, despite booking the highest transaction value of the day at over Rp 306 billion from 196 million shares traded. PT Barito Renewables Energy Tbk (BREN) dropped 1.56% to 6,300, and PT Hero Global Investment Tbk (HGII) slipped 2.35% to 166.
PT Arkora Hydro Tbk (ARKO) also edged down 0.60% to 825. Meanwhile, PT Kencana Energi Lestari Tbk (KEEN), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) all closed unchanged.
Investor focus shifted to small-cap momentum plays like OASA, even as large-cap clean energy counters such as PGEO and BREN saw profit-taking. (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.
