Little-known vinyl floor firm shines at NSE

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Nairobi Securities Exchange. FILE PHOTO | DIANA NGILA | NMG

Vinyl floor manufacturer Olympia Capital topped several small firms that beat blue chip firms at the Nairobi Securities Exchange (NSE) after it closed the year as the second-best performing stock at the bourse in 2022.

A Business Daily analysis shows that smaller firms at the NSE led the market in price gains last year, helped by positive corporate actions such as dividend announcements, rights issuances and cuts in debt portfolio which drove up demand and prices.

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