Jakarta—Shares of issuers with renewable energy businesses tended to weaken on Monday, November 4. Of the seven renewable energy companies listed on the Indonesia Stock Exchange (IDX), five ended in the red zone, while the other two ended at the same level as the opening, aka stagnant.
PT Barito Renewables Energy Tbk (BREN) shares again became one of the main weights for the Indonesia Composite Stock Price Index (IDX Composite), which closed 0.34% lower on Monday at 7,479.5. BREN shares contributed 6.9 index points.
Shares of Prajogo Pangestu’s conglomerate group’s renewable energy issuer fell 1.49% to 6,600 at the end of trading today.
In addition to BREN shares, the shares of renewable energy issuers that fell today were PT Pertamina Geothermal Energy Tbk (PGEO) shares, which fell 1.39% at 1,065 at the close of trading. The weakening of PGEO shares occurred amid the reshuffle of PT Pertamina’s board of directors and commissioners (Persero).
Other renewable energy issuers’ shares also ended in the red zone today, namely PT Arkora Hydro Tbk (ARKO), which fell 3.33% to 1,015, PT Semacom Integrated Tbk (SEMA), which weakened 4.49% to 85, and PT Maharaksa Biru Energi Tbk (OASA), which fell 2.27% to 129.
Meanwhile, the shares of PT Kencana Energi Lestari Tbk (KEEN) and PT Terregra Asia Energy Tbk (TGRA) ended stagnant today. Each at the level of 650 and 21. (hs)
