Belex continues to grow with even weaker turnover

The trend of extremely low turnover on the BSE has continued, with the market resuming growth. The BELEX 15 index increased by 0.3%, reaching 1,161.7 points, while the total market turnover amounted to RSD 99.4m (EUR 0.8m).

The most active stock on the market was Lasta (LSTA), for which a recent takeover bid saw the new majority shareholder, Strela, acquire an 83% stake. Last week’s total turnover amounted to RSD 3.9m, with the major shareholder continuing to acquire shares, mostly at RSD 665 level.

In the index basket, the most traded stock was Jedinstvo Sevojno (JESV), which recorded a turnover of RSD 0.8m, closing the week at RSD 7,995. The company recently scheduled the AGM to vote on increasing the dividend to RSD 764.7 per share, an 18% increase compared to last year.

Shares in Dunav Osiguranje (DNOS) continued their slight upward trend, with modest trading of RSD 0.8m. Strong demand for the stock around the RSD 1,400 level continued, with modest supply being the main reason for the reduced trading volume.

The biggest gainer in the index basket was the construction company Energoprojekt Holding (ENHL), jumping 3.6% to RSD 461. The stock of the former largest domestic construction company reached 52w high at RSD 500 last week, five months after unsuccessful bids to take over the majority shareholder at RSD 375 per share.

WEEKLY REPORT, May 26-30, 2025