Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mostly higher on Tuesday, April 22, with four stocks advancing and the remaining four ending flat. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.43% to 6,538.266.
PT Barito Renewables Energy Tbk (BREN) led the gains with a strong 7.14% jump to 6,000, followed by PT Maharaksa Biru Energi Tbk (OASA), which rose 9.76% to 135. PT Pertamina Geothermal Energy Tbk (PGEO) also climbed 1.76% to 865, while PT Hero Global Investment Tbk (HGII) gained 1.70% to 179.
Meanwhile, PT Arkora Hydro Tbk (ARKO), PT Kencana Energi Lestari Tbk (KEEN), PT Semacom Integrated Tbk (SEMA), and PT Terregra Asia Energy Tbk (TGRA) all closed unchanged.
Trading activity was dominated by OASA, with over 320 million shares changing hands, while BREN led in value with a transaction volume of Rp 127 billion. The gains reflect growing investor confidence in the sector, particularly in top movers like BREN and OASA. (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.
