Belex on poor turnover on uptrend again

The domestic stock has resumed an upward trend after a week of decline, although the turnover remains low. Total market turnover amounted to RSD 28.1m (EUR 0.2m), while the Belex15 index increased by almost 1.0% to 1,198.2 points.

The most active stock was Dunav Osiguranje (DNOS), which recorded a turnover of RSD 8.2m and an increase of 2.3% to RSD 1,558. The insurer paid out a dividend from last year’s profits on Friday. Shareholders received RSD 1.8bn, which equates to a gross amount of RSD 121.45 per share.

Belgrade Airport (AERO) increased slightly to RSD 2,185 on a turnover of RSD 7.8m, while Metalac (MTLC) remained flatish at around RSD 2,050 on a turnover of RSD 2.2m.

Preferred stocks of the tobacco company Philip Morris (DINNPB) exhibited slight fluctuations around RSD 9,000 on a turnover of RSD 1.8m. The AGM recently approved a gross dividend of RSD 581.4 per share, which represents a slight decrease from last year.

Energoprojekt Holding (ENHL) surged by 15% to RSD 575 with a turnover of RSD 0.9m, shortly before the EGM, which will discuss a proposal for asset disposal. The shareholders’ assembly is scheduled to take place on 18 July, and in the event of any disagreement with the proposed decisions, shareholders can request the redemption of their shares.

WEEKLY REPORT, June 30 – July 4, 2025