Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mixed on Tuesday, May 20, with three stocks gaining, three declining, and two closing flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.42% to 7,111.422.
PT Pertamina Geothermal Energy Tbk (PGEO) led the day’s performance with a 4.84% surge to 1,300, on an exceptionally high volume of over 314 million shares and transaction value exceeding Rp 418 billion—the highest of the day.
Other gainers included PT Maharaksa Biru Energi Tbk (OASA), up 2.10% to 146, and PT Terregra Asia Energy Tbk (TGRA), which rose 5.88% to 36.
Meanwhile, PT Arkora Hydro Tbk (ARKO) fell 3.45% to 840, PT Hero Global Investment Tbk (HGII) slipped 0.56% to 176, and PT Semacom Integrated Tbk (SEMA) edged down 1.12% to 88.
PT Barito Renewables Energy Tbk (BREN) and PT Kencana Energi Lestari Tbk (KEEN) remained unchanged at 6,500 and 850, respectively, with BREN posting substantial value turnover of over Rp 286 billion.
The rally in PGEO and continued activity in BREN and OASA underscored selective investor enthusiasm in the sector, even as broader sentiment appeared cautious. (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.
