Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) started the week on a strong note, with five out of eight stocks posting gains and the rest remaining unchanged. No stocks closed lower on Monday, April 14. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.7% to 6,368.517.
PT Barito Renewables Energy Tbk (BREN) led the rally with a sharp 9.71% jump to 5,650, followed by PT Pertamina Geothermal Energy Tbk (PGEO), which gained 4.35% to 840. PT Hero Global Investment Tbk (HGII) rose 2.5% to 164, while PT Maharaksa Biru Energi Tbk (OASA) and PT Semacom Integrated Tbk (SEMA) posted modest increases of 1.74% and 1.23%, respectively.
Meanwhile, PT Arkora Hydro Tbk (ARKO), PT Kencana Energi Lestari Tbk (KEEN), and PT Terregra Asia Energy Tbk (TGRA) closed flat at 825, 660, and 33, respectively.
Trading volume was highest in BREN, with over 33 million shares exchanged, while OASA followed with nearly 80 million shares traded. The strong opening to the week reflects growing investor confidence in the renewable energy sector.
Indonesia’s positive market performance aligns with broader gains across Asian markets. Agencies report that Japan’s Nikkei 225 rose 1.2%, South Korea’s Kospi gained 1%, and Hong Kong’s Hang Seng advanced 2.4%. These rallies were primarily driven by the U.S. administration’s decision to temporarily exempt electronics, including smartphones and laptops, from new import tariffs, easing concerns over escalating trade tensions. The synchronised uptrend across Asian markets underscores a regional rebound in investor sentiment following recent 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.
