Jakarta — Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed broadly higher on Tuesday, July 8, with five stocks advancing and three remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.05% to 6,904.392.
PT Pertamina Geothermal Energy Tbk (PGEO) led the gains, rising 2.45% to 1,465, supported by the day’s highest transaction value of over Rp 188 billion and more than 128 million shares traded. PT Barito Renewables Energy Tbk (BREN) followed with a 3.00% increase to 6,000, contributing nearly Rp 69.5 billion in value.
PT Kencana Energi Lestari Tbk (KEEN) booked a solid gain of 5.81% to 820, while PT Arkora Hydro Tbk (ARKO) advanced 1.26% to 805. PT Maharaksa Biru Energi Tbk (OASA) edged up 2.91% to 177, driven by a robust volume of over 78 million shares and a transaction value of approximately Rp 14 billion.
On the other hand, PT Hero Global Investment Tbk (HGII) and PT Semacom Integrated Tbk (SEMA) closed flat at 160 and 86, respectively. PT Terregra Asia Energy Tbk (TGRA) also ended unchanged at 27, with no recorded trading activity.
The rally signals sustained investor optimism in Indonesia’s clean energy sector, with heavyweight stocks like PGEO and BREN drawing significant interest. (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.
