Belex in the red for three weeks in a row

The domestic stock market has seen a third consecutive week of decline, accompanied by a subdued investment environment. Government bonds supported total turnover reaching RSD 729.2m (EUR 6.2m). The Belex15 index experienced a modest 0.2% decline, to 1,221.6 points.

Dunav Osiguranje (DNOS) retained its position as the most actively traded stock, though it did retreat below the psychological threshold of RSD 1,900 after one month. Shares in the country’s largest insurer closed the week at RSD 1,895, generating a turnover of RSD 3.4m.

Similarly, Belgrade Airport (AERO) continued to fluctuate within the RSD 2,000–2,100 range, where it has stabilised following the capital increase carried out at the beginning of the year. Last week, the total turnover amounted to RSD 3.2m.

Shares in Jedinstvo Sevojno (JESV) fell by 3.5% to RSD 8,202, while Metalac (MTLC) rose by 2.2% to RSD 2,055. Preferred shares of Philip Morris (DINNPB) were also among the more actively traded issues last week, recording a turnover of RSD 1.2m.

WEEKLY REPORT, June 15-19, 2026