Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) continued their upward momentum on Thursday, May 15, with five stocks gaining, two declining, and one closing flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.2% to 7,063.793.
PT Barito Renewables Energy Tbk (BREN) led in value, climbing 2.92% to 6,175, supported by strong investor interest with over Rp 106 billion in transactions. PT Pertamina Geothermal Energy Tbk (PGEO) followed closely, gaining 3.17% to 975, and recording the highest volume at more than 22 million shares.
Other gainers included PT Kencana Energi Lestari Tbk (KEEN), up 2.38% to 860, PT Semacom Integrated Tbk (SEMA), which rose 4.82% to 87, and PT Hero Global Investment Tbk (HGII), which held steady at 178.
On the downside, PT Maharaksa Biru Energi Tbk (OASA) dropped 5.59% to 135, and PT Arkora Hydro Tbk (ARKO) slipped 1.11% to 890. PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 38.
The session reflected strong buying interest in major clean energy counters, particularly BREN and PGEO, underscoring continued optimism in the sector. (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.
