Belex deepens decline, Energoprojekt most traded stock

The domestic stock market saw a significant decline for the second consecutive week, accompanied by a modest increase in trading volume, primarily driven by transactions in Energoprojekt Holding (ENHL) shares. The total turnover amounted to RSD 106.9m (EUR 0.9m). Meanwhile, the Belex15 index fell by 1.9% to 1,203.6 points, its lowest level since September.

Constructor Energoprojekt Holding was the most active stock with a turnover of RSD 21.0m, due to a significant transaction on the last trading day. In total, 0.4% of the total number of shares changed hands at RSD 435, levels last seen in June of last year.

The Belgrade Airport (AERO) closed the week unchanged at RSD 2,000, with a turnover of RSD 10.5m. Meanwhile, Dunav Osiguranje (DNOS) remained flat, with turnover of RSD 8.0m. The final opportunity to purchase these shares with the right to participate in profit distribution is Wednesday, April 15.

Messer Tehnogas (TGAS) experienced a 5.7% decline to RSD 32,000, a new low in the trading of this stock over the past year. Shares in Metalac (MTLC) declined by 2.8% to RSD 2,060, following the company’s announcement of an unchanged dividend proposal of RSD 95 per share (yield at 3.2%).

WEEKLY REPORT, April 6-9, 2026