The domestic stock market experienced a slight decline at the beginning of February, while total market turnover, including government bonds, reached RSD 2.7 billion (EUR 22.9 million) during the week. The Belex15 index declined 0.3%, reaching 1,274.5 points.

Belgrade Airport (AERO) was undoubtedly the most active stock, with a total turnover of RSD 19.6m at an unchanged level of RSD 2,350. By the close of business on Friday this week, the new share issue will be finalized at an issue price of RSD 1,278.40 per share. This development is likely to significantly influence the movement of the stock in the near future.

Dunav Osiguranje (DNOS) increased 1.9% to RSD 1,890, with a turnover of RSD 3.4m. The stock did not keep the increased intensity of demand after breaking the RSD 1,800 mark in the previous week.

Other stocks did not record significant turnover. Metalac (MTLC) experienced a 2.3% decrease, trading at RSD 2,150, while Tehnogas (TGAS) closed the week flat with RSD 1.1m turnover. Energoprojekt Holding (ENHL) recorded a RSD 15.5% decrease to RSD 490 dinars, on low volume, while Impol Seval (IMPL) recorded a 3.3% loss to RSD 7,300.

WEEKLY REPORT, February 2-6, 2026 

Belex15
Close 1,274.51
Weekly change (abs) -3.94
Weekly change (%) -0.31%
Weekly high 1,283.41
Weekly low 1,264.75
Traded value (RSD) 25,916,975
Most active
Shares Closing price Change Trading value (RSD)
AERO 2,350 0.00% 19,556,700
DNOS 1,890 +1.89% 3,413,500
MTLC 2,150 -2.27% 1,307,200
TGAS 37,000 0.00% 1,073,000
GFOM 1,700 +3.03% 756,410
Gainers
Shares Closing price Change Trading value (RSD)
INFM 5,200 +4.00% 10,400
GFOM 1,700 +3.03% 756,410
DNOS 1,890 +1.89% 3,413,500
JESV 7,826 +0.33% 297,400
DINNPB 9,213 +0.14% 663,915
Decliners
Shares Closing price Change Trading value (RSD)
ENHL 490 -15.52% 72,395
PPVA 3,000 -9.09% 6,000
PPTA 270 -3.57% 54,000
IMPL 7,300 -3.31% 156,700
MTLC 2,150 -2.27% 1,307,200