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

• Pan Africa Insurance Holdings – The insurance group yesterday released half year earnings, recording a 131 percent growth in pre-tax profit to 220.5 million shillings from 73 million shillings last year. The share closed at KES 35 yesterday with no change from last week’s closing price. We will watch the counter today to see how it reacts to the earnings announcement.

• NIC Bank Shares – With the Rights Issue underway, we will maintain watch on the shares which closed yesterday at KES 32 similar to last week. The Rights Issue could dilute the price of NIC shares when the 98.7 million shares are finally listed in October and this could affect investor appetite in the shares hurting their price.

• Mumias Sugar – We will watch the shares which seem to be recovering from a continuous drop since Wednesday last week that closed the share at a two month low of KES 6.35 on Friday. Yesterday the share gained 3.15 percent to KES 6.55.