The blue-chip BELEX15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, closed flat at 657.52 points after shedding 0.50% on Tuesday.
The broader BELEXline index closed lower 0.06% to 1,322.48 after ending down 0.38% in the previous trading session.
The joint SRX index of the bourses in Belgrade and Vienna gained 0.76% in euro terms to 195.73 after losing 1.53% on Tuesday.
Total turnover fell to 12.3 million dinars ($123,000/101,000 euro) from 29.6 million dinars on Tuesday.
Dairy products company Imlek [BEL:IMLK] generated the session's largest turnover of 2.8 million dinars, closing up 1.09% at 4,650 dinars.
Real estate firm Gradina [BEL:GRDN] led the session's gainers, closing 16.67% higher at 350 dinars with 352 shares changing hands.
Lender Jubmes Banka [BEL:JMBN] paced the decliners, falling 2.57% to 3,216 dinars with eight shares changing hands.
(1 euro=122.0188 Serbian dinars)