A total of 3,599 NIS shares changed hands in turnover of 2.4 million dinars. NIS shares closed down 0.15% at 677 dinars.
The BELEX15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, ended the session 0.22% lower at 754.04 points.
None of the blue-chip index members closed the session up on Monday.
The broader BELEXline, a free-float market capitalisation weighted index, fell 0.10% to 1,609.21.
The total turnover on the bourse amounted to 3 million dinars ($28,037/25,512 euro) on Monday, down from Friday's 2.091 billion dinars, as 55 transactions were carried out.
Trading on the multilateral trading facility (MTP) of the exchange generated a turnover of 28,405 dinars.
No Treasury bonds changed hands on the Belgrade Stock Exchange on Monday.
(1 euro = 117.592 dinars)