Jakarta—Shares of companies with renewable energy businesses on the Indonesia Stock Exchange (IDX) tend to end in the red zone on Wednesday, December 11. Of the seven renewable energy stocks listed, five closed lower, and only one gained, while one ended stagnant.
Shares that closed trading in the red zone were PT Barito Renewables Energy Tbk (BREN), which weakened 0.59% at 8,400, PT Pertamina Geothermal Energy Tbk (PGEO), which weakened 0.52% at 965, PT Kencana Energi Lestari Tbk (KEEN), which fell 1.55% at 635, PT Semacom Integrated Tbk (SEMA), which fell 1.15% at 86, and PT Maharaksa Biru Energi Tbk (OASA), which weakened 2.7% at 144.
The only renewable energy issuer’s shares that ended in the green zone in today’s trading were those of PT Terregra Asia Energy Tbk (TGRA), which strengthened significantly by 10% at level 22.
Meanwhile, one share of renewable energy issuers that closed stagnant today was PT Arkora Hydro Tbk (ARKO) at 965.
Prajogo Pangestu buys 1.1 million BREN shares
Indonesia’s richest conglomerate, Prajogo Pangestu, has bought back 1.1 million shares of PT Barito Renewables Energy Tbk (BREN), increasing his direct ownership in this renewable energy issuer.
Merly, Director & Corporate Secretary of Barito Renewables Energy, in a disclosure submitted to the Indonesia Stock Exchange (IDX), revealed that the transaction was carried out on December 5, 2024. Prajogo bought BREN shares at an average price of IDR 7,470 per share.
Thus, the transaction value amounted to IDR 8.21 billion. “For personal investment purposes. (Share ownership status) directly,” said Merly in the IDX information disclosure website on Monday, December 9.
Through this transaction, Prajogo Pangestu’s direct ownership in BREN increased by 0.00082%, from 129,789,700 (0.09701%) shares to 130,889,700 (0.09783%) BREN shares.
Prajogo Pangestu is the controller of BREN, together with PT Barito Pacific Tbk (BRPT), which holds 64.66% of BREN shares. Meanwhile, BRPT is also controlled by Prajogo, which has 71.31% ownership. (hs)
