Jakarta—Renewable energy stocks on the Indonesia Stock Exchange (IDX) closed mostly higher on Wednesday, May 14, with five stocks advancing, two declining, and one remaining unchanged. The Indonesian Composite Price Index (IDX Composite) closed higher by 1.53% to 6,936.986.
PT Barito Renewables Energy Tbk (BREN) led in both gains and transaction value, rising 2.92% to 6,175, with over Rp 106 billion in trades. PT Pertamina Geothermal Energy Tbk (PGEO) also posted a strong performance, gaining 3.17% to 975 with more than 22 million shares exchanged.
Other gainers included PT Kencana Energi Lestari Tbk (KEEN), which rose 2.38% to 860, PT Semacom Integrated Tbk (SEMA) up 4.82% to 87, and PT Hero Global Investment Tbk (HGII), which remained flat at 178 despite moderate volume.
On the downside, PT Maharaksa Biru Energi Tbk (OASA) dropped 5.59% to 135, and PT Arkora Hydro Tbk (ARKO) slipped 1.11% to 890. PT Terregra Asia Energy Tbk (TGRA) held steady at 38.
OASA was the most actively traded stock by volume, with over 152 million shares changing hands. The session reflected renewed investor interest in geothermal and clean energy stocks, led by BREN and PGEO. (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.
