Belex down again, Dunav continues declining trend

The downward trend of the domestic stock market has continued last week as well, with even weaker investment activity. The total turnover on the market amounted to RSD  30.9m (EUR 0.3m), while the Belex15 index weakened by 0.3% to 1,206.3 points.

The most active stock was Dunav Osiguranje (DNOS), which continued its downward trend, which has been ongoing almost continuously for the past month. Shares in the largest domestic insurer declined 1.5% to RSD 1,845, with total turnover of RSD 6.6m.

Shares in Messer Tehnogas (TGAS) closed the week at RSD 33,900, with a turnover of RSD 4.0m, indicating a slight decrease. Due to diminished demand, the stock fell to RSD 31,000 during the week, marking its lowest point in almost two years.

Other shares recorded significantly weaker turnover. Priority shares of Philip Morris (DINNPB) fell by 5.1% to RSD 8,703, with a turnover of RSD 0.7m. The management of Energoprojekt Holding (ENHL) convened the EGM with a proposal for a squeeze-out procedure, following a takeover bid by the majority owner.

WEEKLY REPORT, July 6 – 10, 2026