The past trading week saw a decline in the domestic stock market with a weakening total turnover, which amounted to only RSD 334.4m (EUR 2.9m). The index of the most liquid shares, Belex15, weakened by 1% to 882.1 points.

The Petroleum Industry of Serbia (NIIS) continued its upward trend, recording an additional growth of 2.3% to RSD 773. The total stock turnover of RSD 12.7m has been executed in the RSD 760-765 range mainly. The price of Brent crude oil crossed the threshold of USD 90 per barrel again following the escalation of the conflict in the Middle East.

Shares in the Belgrade Airport (AERO) have been affected by an investment fund that intends to close the position. The stock fell by 5.5% to RSD 1,805 with a turnover of RSD 12m, reaching the lowest level since February this year after hitting the historical high of RSD 2,100.

Shares in Dunav Osiguranje (DNOS) reached the RSD 1,000 level again but closed the week at RSD 970 with a turnover of RSD 4.8m. Messer Tehnogas (TGAS) fell 0.6% to RSD 16,400 with a turnover of RSD 4m, while Jedinstvo Sevojno (JESV) fell 8.8% to RSD 6,382 with a turnover of RSD 0.9m. The company reported on Friday it completed the procedure of annulling its treasury shares, approved by the AGM in June.

WEEKLY REPORT, October 9-13, 2023 

Belex15
Close 882.14
Weekly Change (abs) -9.02
Weekly Change (%) -1.01%
Weekly High 896.54
Weekly Low 879.67
Traded Value (RSD) 34,882,552
Most Active
Shares Closing Price Change Traded Value (RSD)
NIIS 773 +2.27% 12,684,903
AERO 1,805 -5.50% 11,988,624
AMSO 2,301 +2.27% 4,965,558
DNOS 970 +0.41% 4,846,174
TGAS 16,400 -0.62% 3,995,908
Gainers
Shares Closing Price Change Traded Value (RSD)
INFM 2,202 +21.66% 143,100
AMSO 2,301 +2.27% 4,965,558
NIIS 773 +2.25% 12,684,903
IMPL 5,850 +0.86% 234,000
DNOS 970 +0.41% 4,846,174
Decliners
Shares Closing Price Change Traded Value (RSD)
IRTL 974 -15.30% 97,400
JESV 6,382 -8.83% 852,155
AERO 1,805 -5.50% 11,988,624
TGAS 16,400 -0.62% 3,995,908
PUPO 178 -0.56% 87,220