Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) mainly closed lower on Wednesday, June 11, with six stocks declining, one gaining, and one finishing flat. The Indonesian Composite Price Index (IDX Composite) closed lower by 0.12% to 7,222.456.
PT Maharaksa Biru Energi Tbk (OASA) led the gainers, rising 4.43% to 165, with a transaction value exceeding Rp 30.5 billion and a strong volume of 184 million shares. Meanwhile, PT Arkora Hydro Tbk (ARKO) was the only other stock to post a modest gain, edging up 1.22% to 830.
On the downside, PT Barito Renewables Energy Tbk (BREN) dropped 2.23% to 6,575, although it remained among the most actively traded stocks, with a transaction value exceeding Rp 202 billion on a volume of over 30 million shares.
Other losers included PT Pertamina Geothermal Energy Tbk (PGEO), which fell 0.37% to 1,355, PT Kencana Energi Lestari Tbk (KEEN), down 1.23% to 800, PT Semacom Integrated Tbk (SEMA), slipping 2.27% to 86, PT Hero Global Investment Tbk (HGII), which declined slightly by 0.57%, and PT Terregra Asia Energy Tbk (TGRA), down 3.13% to 31.
The mixed session reflected investor caution, with selective buying in OASA offset by continued profit-taking in large-cap clean energy stocks. (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.
