The trend of weak turnover on the domestic stock market has continued last week, with the index weakening. The total market turnover amounted to RSD 199.0m (RSD 1.7m), while the Belex15 index weakened by 1.0% to 1,209.1 points.

The most active stock was Belgrade Airport (AERO), which slipped slightly below the established price of RSD 2,000 with a turnover of RSD 4.3m. After the recapitalization, the stock stabilized at around RSD 2,000, with noticeably weaker demand around the mentioned level.

Shares of Dunav Osiguranje (DNOS) fell 1.4% to RSD 1,900 with a turnover of RSD 3.7m. After the stock went ex-dividend, it mostly traded in the range of RSD 1,900-2,000 with a noticeably weaker volume of investment activity.

Preferred shares of Philip Morris (DINNPB) remained at the level of RSD 9,100 with a turnover of around RSD 1.9m, while Metalac (MTLC) weakened by 3.2% after passing the cut-off for the distribution of last year’s profit. Impol Seval (IMPL) fell by an additional 1.6% to RSD 6,200, and the company has scheduled its AGM with no proposed dividend, following the loss it announced in 2025.

WEEKLY REPORT, May 11-15, 2026 

Belex15
Close 1,209.10
Weekly change (abs) -11.63
Weekly change (%) -0.95%
Weekly high 1,220.73
Weekly low 1,203.19
Traded value (RSD) 9,205,405
Most active
Shares Closing proce Change Trading value (RSD)
AERO 1,982 -0.90% 4,342,900
DNOS 1,900  -1.35% 3,671,045
DINNPB 9,101 0.00% 1,947,552
MTLC 2,100 -3.23% 577,500
IMPL 6,200 -1.59% 508,400
Gainers
Shares Closing proce Change Trading value (RSD)
GFOM 1,700 +6.25% 56,100
Decliners
Shares Closing proce Change Trading value (RSD)
MTLC 2,100 -3.23% 577,500
ENHL 529 -2.00% 104,970
FINT 590 -1.67% 590
IMPL 6,200 -1.59% 508,400
DNOS 1,900  -1.35% 3,671,045