Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly higher on Tuesday, May 6, with six stocks advancing, one declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 0.97% to 6,898.197.
PT Kencana Energi Lestari Tbk (KEEN) led the gainers with a sharp 8.38% increase to 905, followed by PT Pertamina Geothermal Energy Tbk (PGEO), which rose 2.73% to 940, and PT Barito Renewables Energy Tbk (BREN), which edged up 0.81% to 6,200.
Other gainers included PT Maharaksa Biru Energi Tbk (OASA) up 1.44% to 141, PT Semacom Integrated Tbk (SEMA) up 1.23% to 82, and PT Terregra Asia Energy Tbk (TGRA), which closed flat at 38.
On the downside, PT Arkora Hydro Tbk (ARKO) slipped 1.09% to 910, while PT Hero Global Investment Tbk (HGII) declined 1.11% to 178.
BREN continued to dominate transaction value at over Rp 144 billion, while OASA led in trading volume with more than 72 million shares exchanged. The broad gains across the sector signalled continued investor optimism in clean energy prospects. (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.
