Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly higher on Tuesday, March 25, with five stocks gaining, two declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.21% to 6,235.619.
PT Arkora Hydro Tbk (ARKO) led the rally with a sharp 11.80% surge to 900, followed by PT Maharaksa Biru Energi Tbk (OASA), which climbed 7.76% to 125. PT Kencana Energi Lestari Tbk (KEEN) and PT Pertamina Geothermal Energy Tbk (PGEO) each gained 2.50%, closing at 615 and 780, respectively. PT Semacom Integrated Tbk (SEMA) also edged up 1.22% to 83.
On the downside, PT Barito Renewables Energy Tbk (BREN) continued its decline, falling 5.96% to 5,125, while PT Terregra Asia Energy Tbk (TGRA) slipped 2.94% to 33.
PT Hero Global Investment Tbk (HGII) remained unchanged at 164.
OASA was the most actively traded stock of the day, with over 158 million shares exchanged. The rebound in several counters signaled renewed investor interest following the prior session’s broad sell-off. (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.
