Belex breaks 8-week winning streak

For the first time since the end of April, the domestic stock market has recorded a weekly decline. The Belex15 index decreased by 0.7% to 1,186.9 points, with particularly low trading volumes. The total turnover on the market, thanks to government bonds, amounted to RSD 547.8m (EUR 4.7m).

Following the previous week’s peak of RSD 1,600, Dunav Osiguranje (DNOS) demonstrated a 3.9% decline, closing the week at RSD 1,523 with a turnover of RSD 3.5m. This slump was partly anticipated following several days of supply accumulating at this psychological threshold.

Shares in Messer Tehnogas (TGAS) returned to RSD 35,000 level, with a turnover of RSD 2.0m, while Metalac (MTLC) slightly weakened to RSD 2,050, with a turnover of RSD 1.2m. At the beginning of the week, Metalac reached a new 52w high at RSD 2,100.

Constructor Energoprojekt Holding (ENHL) surged 16%, reaching RSD 500 with a turnover of RSD 0.9m. The company has convened the EGM for 18 July, with several decisions on the alienation of the company’s assets on the agenda. Shareholders will have the opportunity to express their disagreement and exercise the right to sell their shares. The company has announced that this right can be exercised at RSD 429.6 per share.

WEEKLY REPORT, June 23-27, 2025