Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) mainly closed higher on Monday, March 3, with three stocks gaining, one declining, and four remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 3.97% to 6,519.658.
Leading the gainers, PT Barito Renewables Energy Tbk (BREN) climbed 4.49% to 6,400, followed by PT Arkora Hydro Tbk (ARKO), which gained 2.22% to 920. PT Pertamina Geothermal Energy Tbk (PGEO) also increased by 2.29% to 895.
On the losing side, PT Terregra Asia Energy Tbk (TGRA) fell 4.88% to 39.
Meanwhile, PT Hero Global Investment Tbk (HGII) edged up 2.29% to 179. At the same time, PT Kencana Energi Lestari Tbk (KEEN), PT Maharaksa Biru Energi Tbk (OASA), and PT Semacom Integrated Tbk (SEMA) remained unchanged at 625, 125, and 87, respectively.
Trading activity was led by BREN, with over 13.9 million shares exchanged. The market rebound reflected renewed investor confidence in the renewable energy 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.
