Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange:

• NIC Bank Rights – Today the NIC Rights Issue begins with the trading of NIC rights at the Nairobi Securities Exchange. We will watch to see what price the NIC rights close at. Learn more about the NIC rights issue here.

• EABL – We will maintain watch on the shares today to see if they react to Friday’s earnings announcement where the beer maker’s profit rose 24 percent to 15 billion and revenues topped 50 billion. The shares had one of their biggest drops of this year on Friday, losing 6 shillings to KES 223.

• NIC Bank Shares – We will watch how the shares react with the commencement of the rights issue. NIC Bank shares will face dilution once the 98,724,391 new shares are listed on October 23^rd and knowledge of this could hurt the share’s performance in the weeks until then. The shares closed last week at KES 32 and have a high of KES 36.75 for this year reached in late July.

• Nation Media – We will continue watching the shares which climbed to a new 3 year high of KES 204 on Friday topping last week’s previous highs.