During the past week, the domestic stock market was dominated by insurer Dunav Osiguranje (DNOS), with a slight recovery in the index’s value. The total turnover on the market amounted to RSD 79.1m (EUR 0.7m), while the Belex15 index increased by 0.3% to 1,233.4 points.

Dunav was the most active stock, with a total turnover of almost RSD 25.0m. The most liquid share on the domestic market surged past the psychological threshold of RSD 2,000 last week, a level it had not reached since April 2022. This was followed by the distribution of free shares to employees, which temporarily reduced the stock value to below the RSD 1,000 level.

Shares in Belgrade Airport (AERO) closed flat at RSD 2,000, with a turnover of RSD 1.9m. In contrast to the past few weeks, demand for the stock has decreased considerably, resulting in an unsatisfied supply at the RSD 2,000 level.

Other shares have not kept pace in terms of turnover. Messer Tehnogas (TGAS) experienced a slight weakening, dropping to RSD 34,001. Impol Seval (IMPL) led the losers, recording a 2.6% decline to RSD 7,100. Jedinstvo Sevojno (JESV) experienced a slight decrease to RSD 7,990, accompanied by the typical low turnover.

WEEKLY REPORT, March 16-20, 2026 

Belex15
Close 1,233.42
Weekly change (abs) +3.93
Weekly change (%) +0.32%
Weekly high 1,246.32
Weekly low 1,228.08
Traded value (RSD) 28,107,494
Most active
Shares Closing price Change Trading value (RSD)
DNOS 2,004 +2.77% 24,961,259
AERO 2,000 0.00% 1.946,187
KOPB 16,000 0.00% 800,000
TGAS 34,001 -0.11% 680,028
BASB 1,520  +0.33% 660,400
Gainers
Shares Closing price Change Trading value (RSD)
IRTL 1,266 +20.46% 207,624
GFOM 1,660 +3.36% 567,720
DNOS  2,004 +2.77% 24,961,259
 TRBG  3,320 +0.61% 100,700
 BASB 1,520  +0.33% 660,400
Decliners
Shares Closing price Change Trading value (RSD)
FINT 630 -5.69% 18,900
IMPL 7,100 -2.61% 277,400
INFM 5,100 -1.92% 5,100
 PPTA 250 -0.79% 292,828
 JESV 7,990  -0.13% 223,720