Stocks end lower in holiday-shortened trading week

The holiday trading week saw the second consecutive drop in stock indices, accompanied by the usual poor trading activity. The total turnover on the market amounted to RSD 90.9m (EUR 0.8m), while the Belex15 index weakened by 0.1% to 1,230.9 points.

The most active stock was Dunav Osiguranje (DNOS), which fell 1.3% to RSD 1,657, with a turnover of RSD 3.9m. After adjusting for the dividend, the stock has yielded around 29% this year, making it the leader among the index constituents.

Belgrade Airport (AERO) closed the week flatish at RSD 2,200, achieving a turnover of RSD 1.9m. Meanwhile, Impol Seval (IMPL) posted a slight decline to RSD 7,770 on light volume. As was the case last year, the company has recorded a loss in the first six months of the current financial year. It remains to be seen whether the remainder of the year will bring an improvement in profitability.

Jedinstvo Sevojno (JESV) led the gainers with a 4.7% jump, reaching RSD 8,399 with moderate trading volumes. The company, renowned for its consistent dividend policy, has set December 31st as the record date, as outlined in the company’s internal regulations.

WEEKLY REPORT, November 12-14, 2025