Metalac closed 4.18% lower at 1,580 dinars in a volume of 175 shares.
Industrial gases maker Messer Tehnogas [BEL:TGAS] was the day's only blue-chip gainer, adding 0.60% to 25,000 dinars.
Aerodrom Nikola Tesla [BEL:AERO] generated the day's highest turnover. A total of 167 Aerodrom shares changed hands in a turnover of 300,600 dinars. Aerodrom closed 0.06% lower at 1,800 dinars.
The broader BELEXline, a free-float market capitalisation weighted index, also fell, closing 0.53% lower at 2,151.33 points.
Total turnover on the Belgrade bourse fell to 2.8 million dinars ($25,800/24,000 euro) on Monday from 8.7 million dinars on Friday. Trading in Treasury bonds accounted for 1.3 million dinars of Monday's turnover.
1 euro = 117.100 dinars