The continued growth of shares in Tehnogas (TGAS) has led to a significant increase in the Belex15 index, reaching its highest level in 18 years. The most liquid shares on the market increased by 5.1 percent to 1,376.7 points, while the total turnover on the market, thanks to government bonds, reached 390.1 million dinars (3.3 million euros).

The value of TehnoGas shares increased by 20.3 percent to 60,000 dinars over the past week, and has almost doubled in value over the past month. This producer of technical gases has achieved a market capitalisation of approximately €530 million, setting a new benchmark for the valuation of the company.

The most traded share last week was Aerodrom “Nikola Tesla” (AERO), which saw a slight increase to 2,090 dinars, generating a turnover of 10.7 million dinars. Metalac (MTLC) also recorded a slight increase in value, reaching 2,050 dinars with a turnover of 2.0 million dinars.

The Shareholders’ Fund’s announcement regarding the offering of equity stakes in several companies has led to fluctuations in the stock prices of these entities. Zlatarplast (ZLTP) saw a 4.2% increase to 4,688 dinars, Iritel (IRTL) rose 30% to 1,379 dinars, while PP Valjevo (PPVA) experienced a 10.2% increase to 3,195 dinars.

WEEKLY REPORT, August 17-21, 2026

Belex15
Close 1,376.68
Weekly change (abs) +66.41
Weekly change (%) +5.07%
Weekly high 1,376.68
Weekly low 1,303.75
Traded value (RSD) 16,932,591
Most active
Shares Closing price Change Trading value (RSD)
AERO 2,090 +0.58% 10,724,325
ZLTP 4,688   +4.18% 3,750,000
MTLC 2,050  +0.84% 2,009,545
DNOS 1,850  +0.05% 1,807,091
JESV 8,994  -0.07% 1,151,250
Gainers
Shares Closing price Change Trading value (RSD)
IRTL 1,379 +29.97% 292,348
TGAS 60,000 +20.34% 1,000,000
 PPVA 3,195  +10.17% 383,450
UTSI  4,600  +9.52% 97,200
 ZLTP  4,688   +4.18% 3,750,000
Decliners
Shares Closing price Change Trading value (RSD)
PPTA 250 -6.72% 12,500
 TRBG 3,140  -4.65% 314,000
IMPL 5,900 -1.52% 218,300
JESV 8,994  -0.07% 1,151,250