Belex decreases 1.6%, Energoprojekt leaves stock market

The domestic stock market has declined for the second consecutive week, along with typically weak investment activity. The Belex15 index fell 1.6% to 1,349.3 points, while total market turnover stood at RSD 74.6m (EUR 0.6m).

The most active stock was Dunav Osiguranje (DNOS), which closed the week unchanged at RSD 1,820, with a turnover of RSD 4.7m. After the company released its first-half 2026 numbers, which showed a 27.3% increase in net income to RSD 2.4bn, the stock price stabilised after reaching the psychological barrier of RSD 2,000 six months ago.

Stocks in the index basket have shown significantly lower turnover. Jedinstvo Sevojno (JESV) has announced significant growth in consolidated profit for the January–June period, reaching the RSD 9,000 level once again on poor volume. Shares in Messer Tehnogas (TGAS) declined 5.8% to RSD 56,520, while Impol Seval (IMPL) dropped 4.1% to RSD 5,565, after the company reported a 1H26 loss.

Last week, Energoprojekt Holding (ENHL) finished a squeeze-out procedure at RSD 452.25 per share, matching the recently completed takeover bid. Consequently, after more than 20 years, this stock will soon be delisted from the stock exchange.

WEEKLY REPORT, September 28 – October 2, 2026