Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) mainly closed lower on Friday, March 14, with four stocks declining, one gaining, and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed lower by 1.98% to 6,515.631.
Among the decliners, PT Pertamina Geothermal Energy Tbk (PGEO) posted the sharpest drop, falling 4.97% to 765. PT Arkora Hydro Tbk (ARKO) slipped 1.12% to 880, while PT Hero Global Investment Tbk (HGII) and PT Barito Renewables Energy Tbk (BREN) weakened 1.69% to 174 and 0.82% to 6,025, respectively.
On the positive side, PT Maharaksa Biru Energi Tbk (OASA) gained 4.27% to 122.
Meanwhile, PT Kencana Energi Lestari Tbk (KEEN), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 630, 83, and 37, respectively.
Trading activity was led by OASA, with over 104 million shares exchanged. The mixed performance reflected continued investor caution amid sector volatility. (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.
