Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly higher on Wednesday, March 19, with four stocks gaining, two declining, and two remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.64% to 6,325.608.
Among the gainers, PT Barito Renewables Energy Tbk (BREN) led with a 4.95% rise to 5,300, followed by PT Pertamina Geothermal Energy Tbk (PGEO), which climbed 2.74% to 750. PT Arkora Hydro Tbk (ARKO) gained 1.11% to 910, while PT Terregra Asia Energy Tbk (TGRA) edged up 2.86% to 36.
On the losing side, PT Maharaksa Biru Energi Tbk (OASA) fell 4.03% to 119, while PT Semacom Integrated Tbk (SEMA) slipped 1.22% to 81.
Meanwhile, PT Kencana Energi Lestari Tbk (KEEN) and PT Hero Global Investment Tbk (HGII) remained unchanged at 615 and 174, respectively.
Trading activity was led by OASA, with over 90 million shares exchanged. The market rebound reflected renewed investor confidence in select renewable energy stocks. (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.
