The shortened trading week resulted in a total turnover of RSD 7.6m (EUR 64.6th) on the Belgrade Stock Exchange. The Belex15 index, which grew by 11.2% in 2025, started the year with a slight decline to 1,274.4 points.
Belgrade Airport (AERO) was the most traded stock, starting the week with a sharp correction of 6.6%, but closed the trading week with a slight decline to RSD 2,350. Total turnover amounted to RSD 4.2m. The company recently announced a new stock issue, and the new share subscription is open until February 13.
Dunav Osiguranje (DNOS) closed the week unchanged at RSD 1,800, contributing substantially to market growth in the previous year. The stock surged 30.9% in 2025, driven by the ongoing positive business trends in H1 and the payment of an increased dividend.
No other securities recorded any noteworthy turnover. Shares in Metalac, based in Gornji Milanovac (MTLC), experienced a slight decline, trading at RSD 2,251. The stock in 2025 has recorded its second consecutive year of growth, with an increase of 12.8%, following a 25.8% growth in the previous year.
WEEKLY REPORT, January 5-9, 2026
| Belex15 | |
|---|---|
| Close | 1,274.42 |
| Weekly change (abs) | -0.79 |
| Weekly change (%) | -0.06 |
| Weekly high | 1,275.21 |
| Weekly low | 1,258.42 |
| Traded value (RSD) | 5,718,500 |
| Most active | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| AERO | 2,350 | -0.21% | 4,226,700 |
| DNOS | 1,800 | 0.00% | 1,323,000 |
| MTLC | 2,251 | -0.18% | 168,800 |
| RVST | 12,000 | -14.29% | 96,000 |
| LSTA | 665 | 0.00% | 93,100 |
| Gainers | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| GFOM | 1,800 | +5.26% | 72,000 |
| Decliners | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| RVST | 12,000 | -14.29% | 96,000 |
| AERO | 2,350 | -0.21% | 4,226,700 |
| MTLC | 2,251 | -0.18% | 168,800 |