The domestic share market for the fourth consecutive week has shown a slight increase, with a total turnover of RSD 2.0bn (EUR 17.2m), primarily due to trading in government bonds. The Belex15 index increased by 0.3% to 1,261.1 points, yielding in the current year almost 10%.

Once again, the most active stock was Dunav Osiguranje (DNOS), which remained flat at around RSD 1,750. Shares in the largest domestic insurance company closed the week at RSD 1,742, representing a slight decrease with a turnover of RSD 6.7m.

Energoprojekt Holding (ENHL) was among the most traded shares with a 3.3% increase to RSD 500, resulting in a turnover of RSD 1.8m. Meanwhile, Messer Tehnogas (TGAS) demonstrated a 0.5% decline, standing at RSD 37,001 with a turnover of RSD 0.8m.

Shares in Belgrade Airport (AERO) closed the week unchanged at RSD 2,350, with a turnover of RSD 1.4m. The company has announced an adjustment to the proposal regarding the new stock issue. It now intends to sell 2.93m shares, a change from the previously announced 6.25m shares (representing 8.4% of the existing number). The price of the new shares will be RSD 1,278.4 per share, representing the estimated value of one share.

WEEKLY REPORT, December 15-19, 2025 

Belex15
Close 1,261.13
Weekly Change (abs) +3.27
Weekly Change (%) +0.26%
Weekly High 1,264.17
Weekly Low 1,255.52
Traded Value (RSD) 11,046,828
Most active
Shares Closing price Change Trading value (RSD)
DNOS 1,742 -0.11% 6,749,924
OMOL 4,000 0.00% 2,076,000
ENHL 500 +3.31% 1,799,300
AERO 2,350 0.00% 1,389,295
TGAS 37,001 -0.45% 818,027
Gainers
Shares Closing price Change Trading value (RSD)
ENHL 500 +3.31% 1,799,300
MTLC 2,220 +3.26% 99,900
Decliners
Shares Closing price Change Trading value (RSD)
PPTA 300 -14.29% 598,880
GFOM 1,710 -5.00% 37,620
DINNPB 9,501 -2.05% 228,020
JESV 8,200 -1.20% 190,382
TGAS 37,001 -0.45% 818,027