Belex declines for forth week in row

The domestic stock market has declined for the fourth consecutive week, following the completion of the new share issue by Belgrade Airport (AERO). The Belex15 index saw a 1.1% decline to 1,230.3 points. Meanwhile, the total turnover on the market amounted to RSD 258.2 (EUR 2.2m).

The most active stock was Belgrade Airport, which slumped 11.2% to RSD 1,999 with a turnover of RSD 61.2m. The company has recently issued new shares at a price of RSD 1,278.40 per share, which has led to significant pressure on the stock. On Friday, the trading day closed with a large offer on the stock, accompanied by modest demand within the lower fluctuation zone.

Insurer Dunav Osiguranje (DNOS) hit a milestone of RSD 2,000 for the first time since the spring of 2022, recording a solid turnover of RSD 9.6m. Weekly, the stock saw a 7.7% price increase.

The preferred shares of Philip Morris (DINNPB) rose slightly to RSD 9,270 with a turnover of RSD 2.2m, while Metalac (MTLC) fell 2.3% to RSD 2,150. Jedinstvo Sevojno (JESV) suffered a similar drop to RSD 7,618. Its the lowest level of the stock since May of last year.

WEEKLY REPORT, February 23-27, 2026