In the first week of June, the Serbian stock market continued to grow, with more than weak investment activity. The Belex15 index rose by 0.9% to 1,172.1 points, nearing a 52-week high achieved at the end of March. The total weekly turnover amounted to RSD 26.6 million (EUR 0.2 million).

The most active stock was Dunav Osiguranje (DNOS), which increased by 3.6% to RSD 1,450, with a turnover of RSD 5.4m. This stock was in high demand for weeks, so it was no surprise to see higher levels from usual trading around RSD 1,400. The stock reached a 52-week high at RSD 1,700 at the end of March but then declined significantly after the dividend cut. 

Other stocks were far behind by trading value. Belgrade Airport (AERO) decreased slightly by 0.5% to RSD 2,180, with a turnover of RSD 1.9m. Lasta (LSTA) remained unchanged at RSD 665, with a turnover of RSD 1.7m. After the TOB had completed at the same price, the majority owner continued to purchase shares on the market.

Constructor Energoprojekt Holding (ENHL) led the gainers, rising 19.3% to RSD 550 on poor volume. In January, the majority owner of the company launched the TOB at RSD 375 per share, with no great interest among shareholders. 

WEEKLY REPORT, June 2-6, 2025 

Belex15
Close 1,172.13
Weekly change (abs) +10.39
Weekly change (%) +0.89%
Weekly high 1,173.00
Weekly low 1,157.38
Traded value (RSD) 7,689,227
Most active
Shares Closing price Change Trading value (RSD)
DNOS 1,450 +3.57% 5,414,529
AERO 2,180 -0.46% 1,881,308
LSTA 665 0.00% 1,678,460
DINNPB 9,500 +5.24% 258,000
AMSOPB 3,100 -0.64% 248,000
Gainers
Shares Closing price Change Trading value (RSD)
PRGS 13 +30.00% 9,880
ENHL 550 +19.31% 151,650
PPTA 320 +14.29% 16,000
TRBG 4,000 +8.11% 40,000
DINNPB 9,500 +5.24% 258,000
Decliners
Shares Closing price Change Trading value (RSD)
DNVG 60 -20.00% 30,000
GFOM 1,903 -4.85% 3,806
AMSOPB 3,100 -0.64% 248,000
AERO 2,180 -0.46% 1,881,308