Resultados SCVM
Licensed by the Comissao do Mercado de Capitais (CMC) as a Sociedade Corretora de Valores Mobiliarios, Resultados is one of the few full-service securities brokerages authorised to trade directly on BODIVA on behalf of institutional and retail clients.
Key Facts
- Full Name: Resultados – Sociedade Corretora de Valores Mobiliarios SA
- Licence Type: SCVM (Securities Brokerage)
- Regulator: CMC (Comissao do Mercado de Capitais)
- Exchange Access: BODIVA
- Custody: Via CEVAMA accounts
- Headquarters: Luanda, Angola
- Sector: Financial Services – Capital Markets Intermediation
Role and Services
Under Angolan securities law, the SCVM designation carries broader permissions than the SDVM (distributor) licence. An SCVM can execute trades on its own account as well as on behalf of clients, provide investment advisory services, and participate in primary market offerings such as IPOs and government bond auctions. Resultados SCVM holds this higher-tier licence, positioning it as both an execution broker and an advisory intermediary.
The firm processes client orders through BODIVA’s electronic trading system (SETIC) and settles transactions via CEVAMA, the central securities depository, which maintains the definitive register of ownership for all BODIVA-listed securities. Clients must hold a CEVAMA custody account (conta de custodia) to participate in the market, and Resultados facilitates account opening as part of its onboarding process.
Angola’s capital markets have seen rapid growth since the BAI IPO in 2022. With five securities now listed on BODIVA – BAI, BFA, BCGA, ENSA, and BODIVA itself – and a pipeline that includes Unitel, Sonangol subsidiaries, and Banco Economico, brokerages like Resultados are positioned at the centre of a structural expansion in market activity. The CMC reported approximately 58,389 CEVAMA custody accounts as of late 2024, a number that surged further following the BFA listing in September 2025, which raised $241 million and was the largest African share offering that year. Each successive listing expands the pool of active investors and the volume of secondary-market trading, directly increasing demand for brokerage services.