Bourse Régionale des Valeurs Mobilières
Cours de clôture, dividendes et analyses des sociétés cotées sur la BRVM, Afrique de l’Ouest
Sociétés cotées BRVM
Frequently asked questions about the BRVM
What is the BRVM?
The BRVM (West African Regional Stock Exchange) is the common stock exchange of the 8 countries of the West African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. It is headquartered in Abidjan and uses a single currency, the CFA franc (XOF).
How many stocks are listed on the BRVM?
48 companies are currently listed on the BRVM, across 3 compartments (Prestige, Main, Secondary) and several sectors: finance, telecoms, agro-industry, distribution, energy, utilities, transport.
What is the difference between the BRVM Composite and the BRVM 30?
The BRVM Composite includes all listed stocks and reflects overall market performance. The BRVM 30 is a reference index of the 30 most liquid and representative stocks. The BRVM Prestige selects companies meeting the highest transparency and governance standards.
How can I buy BRVM stocks?
To invest on the BRVM, you need to open a securities account with a licensed SGI (brokerage firm). Orders are then placed via this SGI, which routes them to the exchange. SEKA Analytics publishes a practical guide on licensed SGIs and the account opening process.
When is the BRVM open?
The BRVM trades Monday to Friday, excluding public holidays. The main session (fixing) takes place in early afternoon (Abidjan time, GMT). Closing prices are published in the Official Quote Bulletin (BOC) at the end of each session.
Are the BRVM prices on SEKA Analytics real-time?
No. SEKA Analytics displays closing prices extracted from the BRVM Official Quote Bulletin. Data is updated daily after the bulletin is released.
What is the tax treatment of BRVM dividends?
BRVM dividends are subject to IRVM (Tax on Income from Securities), withheld at source at the company level. The rate varies across WAEMU countries, typically between 7% and 15%. The net yield shown on SEKA Analytics is calculated after IRVM.