Following a decline over the previous two weeks, the domestic stock market demonstrated a 2.0% recovery, reaching 1,227.9 points as measured by the Belex15 index. However, investment activity remained modest. The total turnover on the market amounted to RSD 46.3m (EUR 0.4m).
The most active stock was Messer Tehnogas (TGAS), which recovered 6.4% to RSD 34,032, with a turnover of RSD 6.3m. The company has not yet published its FY25 annual financial results, but the APR data indicate FY25 unconsolidated profit of RSD 3.8bn, almost unchanged from 2024 net income.
Despite the fact that the company’s shares went ex-dividend on Thursday, Dunav Osiguranje (DNOS) remained at the RSD 2,000 level with a modest turnover. The total turnover amounted to RSD 1.7m.
Metalac (MTLC) saw a 4.2% increase to RSD 2,146, with a turnover of RSD 0.7m, while Belgrade Airport (AERO) maintained its established price of RSD 2,000. The week’s top gainers included Energoprojekt Holding (ENHL), which surged by 20.7% to RSD 525 following a large transaction in the previous week.
WEEKLY REPORT, April 13-17, 2026
| Belex15 | |
|---|---|
| Close | 1,227.92 |
| Weekly change (abs) | +24.36 |
| Weekly change (%) | +2.02% |
| Weekly high | 1,233.44 |
| Weekly low | 1,205.33 |
| Traded value (RSD) | 10,838,869 |
| Most active | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| TGAS | 34,032 | +6.35% | 6,257,269 |
| DNOS | 2,000 | 0.00% | 1,722,150 |
| IMPL | 6,500 | -0.60% | 825,325 |
| MTLC | 2,146 | +4.17% | 711,760 |
| AERO | 2,000 | 0.00% | 696,100 |
| Gainers | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| ENHL | 525 | +20.69% | 194,655 |
| TGAS | 34,032 | +6.35% | 6,257,269 |
| FINT | 600 | +5.26% | 120,000 |
| MTLC | 2,146 | +4.17% | 711,760 |
| TRBG | 3,500 | +2.94% | 35,000 |
| Decliners | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| PPVA | 2,500 | -16.67% | 180,000 |
| IMPL | 6,500 | -0.60% | 825,325 |