Jakarta—Shares of renewable energy companies listed on the Indonesia Stock Exchange (IDX) closed mostly higher on Wednesday, March 5, with six stocks gaining and two remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 2.32% to 6,528.456.
PT Arkora Hydro Tbk (ARKO) led the gains, surging 5.62% to 940, followed by PT Maharaksa Biru Energi Tbk (OASA), which climbed 5.79% to 128. PT Kencana Energi Lestari Tbk (KEEN) and PT Pertamina Geothermal Energy Tbk (PGEO) each advanced 1.61% to 630 and 1.17% to 865, respectively. PT Hero Global Investment Tbk (HGII) and PT Semacom Integrated Tbk (SEMA) edged up 1.14% to 177 and 2.35% to 87, respectively.
Meanwhile, PT Barito Renewables Energy Tbk (BREN) gained 0.41% to 6,100, while PT Terregra Asia Energy Tbk (TGRA) remained unchanged at 39.
Trading activity was dominated by OASA, with over 134 million shares exchanged. The strong rebound in renewable energy stocks reflected improved investor sentiment. (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.
