In January 2023, BELEX15 experienced an increase of 4.3%, ending the month at 860.34 points.

The Belex (Belgrade Stock Exchange) released its monthly report on trading activity for January 2023. The report states that the total equity turnover amounts to EUR 1m, an increase of 90.7% YoY. However, we note the increase is under the effect of a very low base and that the nominal increase is neglectable for the stock exchange. This would also mean that the average daily turnover amounted to EUR 50.1k.

Looking at the specific companies, NIS was the one that was traded the most on the exchange, with a turnover of EUR 362k and a share price gain of 2.96% MoM. The next company is Žitopek, which showed a strong increase in the share price of 75.1% MoM and had a turnover of EUR 193.5k. They are followed by Dunav osiguranje, Alfa plam, and Jugoprevoz Kruševac, who each had a turnover of EUR 171.3k, EUR 103.7k, and EUR 35.3k, respectively.

Looking at the biggest gainers during the month, we have already mentioned Žitopek with a monthly increase of 75.1%, followed by Transport Voždovac with 30%, and Alfa plam, with an increase of 10.1%. On the other hand, Putevi lost 49.6% of its value, followed by Severni Banat, which lost 24% of its value and Jugoprevoz Kruševac, which lost 22% of its value.

Finally, BELEX 15, the primary index of the Belgrade Stock Exchange, increased by 4.3% during the month, ending at 860.34 points.