Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) ended mixed on Thursday, April 24, with gains in several key counters offset by a sharp drop in a major stock. Four stocks rose, two declined, and two closed flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.32% to 6,613.478.
PT Pertamina Geothermal Energy Tbk (PGEO) led the gainers, climbing 6.36% to 920, followed by PT Arkora Hydro Tbk (ARKO), which rose 2.25% to 910. PT Kencana Energi Lestari Tbk (KEEN) and PT Maharaksa Biru Energi Tbk (OASA) each edged up 0.68% and 3.62%, respectively.
In contrast, PT Barito Renewables Energy Tbk (BREN) slipped 1.64% to 6,000, while PT Semacom Integrated Tbk (SEMA) declined 1.23% to 80. PT Hero Global Investment Tbk (HGII) and PT Terregra Asia Energy Tbk (TGRA) remained unchanged.
BREN led in both volume and value, with over 55 million shares traded and transactions worth Rp 334 billion. Meanwhile, PGEO saw a strong rebound in volume, reflecting growing investor appetite in geothermal plays. (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.
