The domestic stock market saw a slight decline last week, while government bond trading contributed to a solid total turnover of RSD 1.5bn (EUR 12.6m). The Belex15 index closed the week at 1,218.4 points, registering a slight gain in July.

The most active stock was Messer Tehnogas (TGAS), which generated a turnover of RSD 12.7m, increasing 2.5% to RSD 35,864. During the week, the stock reached RSD 37,000, approaching its all-time high of RSD 37,400 set in October last year.

Shares in insurer Dunav Osiguranje (DNOS) fell by 2.1% to RSD 1,850, with a turnover of RSD 2.9m, while preferred shares in Philip Morris (DINNPB) traded unchanged, with a turnover of RSD 2.3m.

Shares in constructor Energoprojekt Holding (ENHL) fell to RSD 455 during a week in which the EGM adopted a squeeze-out procedure at RSD 452 per share. Jedinstvo Sevojno (JESV) suffered a 3.8% decrease to RSD 8,655, although the company reported a 62% growth in H1 profit to RSD 194.5m.

WEEKLY REPORT, July 27-31, 2026 

Belex15
Close 1,218.35
Weekly change (abs) -0.93
Weekly change (%) -0.08%
Weekly high 1,226.41
Weekly low 1,190.91
Traded value (RSD) 17,993,510
Most active 
Shares Closing price Change Traning value (RSD)
TGAS 35,864  +2.47% 12,667,267
DNOS 1,850   -2.12% 2,876,867
DINNPB 9,099 0.00% 2,323,296
ZLTP 4,500 0.00% 1,350,000
ENHL 455 -8.45% 1,049,678
Gainers
Shares Closing price Change Traning value (RSD)
AMSOPB 3,380 +30.00% 473,200
PUUE 1,000 +10.86% 1,014,000
 MTLC 2,050  +2.50% 59,370
TGAS  35,864  +2.47% 12,667,267
Decliners
Shares Closing price Change Traning value (RSD)
ENHL 455 -8.45% 1,049,678
 GFOM 1,400  -6.67% 446,600
PPVA 2,850 -5.00% 356,400
JESV 8,655  -3.83% 268,315
 DNOS  1,850   -2.12% 2,876,867