Belex slightly lower on low investment activity

The domestic stock market experienced a slight weakening last week, marked by a notable decline in investment activity. The total turnover amounted to just RSD 90.7m (EUR 0.8m), while the Belex15 index weakened by 0.3% to 1,229.5 points.

Dunav Osiguranje (DNOS) was the most active stock, with a turnover of RSD 9.3m, declining a 2.5% to RSD 1,950. Since the beginning of the year, the stock has increased 8.3%, compared to a decrease in the Belex15 index of 3.6%.

Shares in Belgrade Airport (AERO) have stabilised at RSD 2,000, reflecting a decline in pressure from shareholders who purchased shares through recapitalisation at a relatively low price. The total turnover last week amounted to RSD 5.3m, with unsatisfied demand for most of the week at the RSD 2,000 level.

Metalac (MTLC) saw a 2.2% decline to RSD 2,100, with a turnover of RSD 1.8m. Meanwhile, the constructor Energoprojekt Holding (ENHL) recorded a significant 15.3% gain, reaching RSD 579 with a modest turnover. Among the gainers was Jedinstvo Sevojno (JESV), which increased by 5.0% to RSD 8,000, with modest turnover.

WEEKLY REPORT, March 9-13, 2026