The domestic stock market broke a two-week uptrend last week, again with weak investment activity. The Belex15 index declined by 1.3% to 1,227 points, while total market turnover reached RSD 52.2m (EUR 0.4m).
Belgrade Airport (AERO) was the most traded stock, with a turnover of RSD 7.9m, while the stock remained unchanged at the psychological level of RSD 2,000. Since the beginning of the year, the stock has declined by approximately 15%, primarily due to the company’s recapitalization aimed at renovating the airport museum.
Insurer Dunav Osiguranje (DNOS) saw a 3.6% decrease to RSD 2,000, as a market response to the management’s dividend proposal. Shareholders can expect a slightly higher gross dividend of RSD 124.63 per share, despite a 40% increase in net income last year.
Philip Morris’ preferred shares (DINNPB) closed the week at RSD 9,100, with a turnover of RSD 0.9m. Impol Seval (IMPL) recorded a slight decline to RSD 7,233 on low turnover. The company has not yet officially announced its annual results, but APR data shows that Impol suffered a significant loss of RSD 550m last year.
WEEKLY REPORT, March 30 – April 3, 2026
| Belex15 | |
|---|---|
| Close | 1,226.97 |
| Weekly change (abs) | -15.73 |
| Weekly change (%) | -1.27% |
| Weekly high | 1,244.04 |
| Weekly low | 1,215.13 |
| Traded value (RSD) | 16,135,145 |
| Most active | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| AERO | 2,000 | 0.00% | 7,946,000 |
| DNOS | 2,000 | -3.57% | 7,074,405 |
| BASB | 1,515 | 0.00% | 1,OO7,475 |
| DINNPB | 9,100 | +0.01% | 900,900 |
| IMPL | 7,233 | -0.78% | 585,900 |
| Gainers | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| ENHL | 500 | +2.04% | 400,400 |
| Decliners | |||
|---|---|---|---|
| Shares | Closing price | Change | Trading value (RSD) |
| FINT | 570 | -9.52% | 114,000 |
| DNOS | 2,000 | -3.57% | 7,074,405 |
| MTLC | 2,120 | -1.30% | 14,840 |
| IMPL | 7,233 | -0.78% | 585,900 |
| GFOM | 1,550 | -0.58% | 475,943 |