Belex closes week slightly higher on low volume

Over the past week, the domestic market experienced significant progress, largely due to the trading of government bonds. Despite this, the stock market remained slightly optimistic, with the Belex15 index closing the week at 1,220.6 points. Total market turnover amounted to RSD 132.6m (EUR 1.1m).

The most active stock was insurer Dunav Osiguranje (DNOS), which experienced a slight decrease to RSD 1,669, with a modest turnover of RSD 2.1m. The demand-side pressure that propelled the stock to a multi-year high has abated slightly, leading to a more subdued turnover compared to this year’s average.

Shares in Jedinstvo Sevojno (JESV) remained at a multi-year high of RSD 8,500, with a turnover of RSD 0.8m. The company has recently completed the payment of dividends, which has increased by 18% compared to last year.

Shares in Belgrade Airport (AERO) closed the week unchanged at RSD 2,200, with modest trading and unmet demand at this historic record level. Gornji Mialnovac-based Metalac (MTLC) saw a 4.1% increase to RSD 2,150 on low volume. The company has announced 9% growth in 1H25 consolidated revenues and net income, primarily due to the expansion of its operations within the domestic market.

WEEKLY REPORT, August 11-15, 2025