Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mostly lower on Monday, June 2, with five stocks falling, two remaining flat, and only one advancing. The Indonesian Composite Price Index (IDX Composite) closed lower by 1.69% to 7,054.279.
PT Barito Renewables Energy Tbk (BREN) led the decline, dropping 3.46% to IDR 6,275, despite vigorous trading activity with a transaction value of over IDR 85.2 billion. PT Pertamina Geothermal Energy Tbk (PGEO) also retreated by 3.33% to 1,305, recording the day’s highest volume at nearly 80 million shares and topping the value chart with over Rp 105 billion in transactions.
Other decliners included PT Hero Global Investment Tbk (HGII), down 1.16% to 171, PT Semacom Integrated Tbk (SEMA), which slipped 1.14% to 87, and PT Terregra Asia Energy Tbk (TGRA), falling 5.56% to 34.
PT Arkora Hydro Tbk (ARKO) and PT Kencana Energi Lestari Tbk (KEEN) ended unchanged at 845 and 830, respectively.
The only gainer was PT Maharaksa Biru Energi Tbk (OASA), rising 4.32% to 145, with a robust trading volume of 242 million shares and a transaction value of Rp 34.4 billion, signalling continued speculative interest.
Despite OASA’s gain, the overall market sentiment for clean energy stocks leaned bearish as investors took profits from earlier rallies. (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.
