Belex snaps losing streak on weak turnover

The domestic stock market recorded its first weekly growth since the end of May, although overall investment activity remained low. Total turnover on the market amounted to RSD 67.8m (EUR 0.6m), while the Belex15 index increased by 0.2% to 1,208.7 points.

The most active stock was Belgrade Airport (AERO), which recorded a slight price change with turnover of RSD 8.8m. Since the beginning of the year, the stock has declined by around 11%, largely due to a new stock issue priced significantly below the market price.

Shares in Dunav Osiguranje (DNOS) recovered 0.7% to RSD 1,857, with a total turnover of RSD 7.1m. Conversely, shares in its subsidiary Dunav Re (DNREM) recorded a 30% decline to RSD 7,600.

In anticipation of the squeeze out of shares of Energoprojekt Holding (ENHL) at RSD 452 per share, the stock was traded at RSD 499, evidently with non-market elements of the transaction. The priority shares of Philip Morris (DINNPB) have recovered above the RSD 9,000 level with a turnover of RSD 1.5m.

WEEKLY REPORT, July 13- 17, 2026