The last trading week did not bring any livelier investment activity, and the Belex15 index rose slightly to 1,143.3 points. Thanks to government bonds, total market turnover reached RSD 124.9m (EUR 1.1m).

Shares in Dunav Osiguranje (DNOS) consolidated after a sharp correction following the dividend cut-off, recording a 2.1% increase to RSD 1,361. Total trading turnover was a modest RSD 2.1m.

Messer Tehnogas (TGAS) continued a series of mild fluctuations around the RSD 33-34,000 range. Shares in the company fell by 2.6% to RSD 33,501 last week, after Tehnogas announced a record FY24 profit of almost RSD 5bn.

Shares in Belgrade Airport (AERO) rose slightly to RSD 2,184, close to its historical high of RSD 2,200. Total trading turnover was also modest at RSD 1.9m.

After a while, Impol Seval (IMPL) returned to the more actively traded stocks, with a turnover of RSD 0.8m at an unchanged level of RSD 7,100. The aluminium rolling mill recorded a tiny profit last year due to difficult business conditions in the foreign market.

WEEKLY REPORT, May 5-9, 2025 

Belex15
Close 1,143.30
Weekly change (abs) +0.99
Weekly change (%) 0.09%
Weekly high 1,148.26
Weekly low 1,135.77
Traded value (RSD) 7,833,132
Most active
Shares Closing price Change Trading value (RSD)
DNOS 1,361 +2.10% 2,128,098
TGAS 33,501 -2.60% 2,010,045
AERO 2,184 +0.18% 1,929,296
GFOM 2,000 0.00% 924,000
IMPL 7,100 0.00% 830,693
Gainers
Shares Closing price Change Trading value (RSD)
AVEN 2,400 +15.94% 33,600
BASB 917 +14.63% 406,400
LSTA 675 +12.31% 12,825
INFM 5,850 +11.43% 40,950
AMSO 4,000 +11.11% 299,200
Decliners
Shares Closing price Change Trading value (RSD)
DNVG 59 -26.25% 4,720
BABP 1,450 -3.33% 58,000
JGPK 7,500 -3.25% 224,000
FINT 630 -2.93% 189,000
TGAS 33,501 -2.60% 2,010,045