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

See a summary of Friday’s share trading here.

Longhorn Publishers – The publisher which listed on the stock market in May issued a profit warning late last week cautioning that earnings for the year ended 30^th June 2012 will be significantly lower than those of last year on adverse macroeconomic factors. Since the warning was issued on Thursday, the shares have dropped 10 percent to Friday’s close of KES 15.10 which is their lowest price since the listing four months ago. We will watch if the shares drop further today.

Unga Group – The share has rallied above the 13 shilling range this month to close Friday closer to the 15 shilling mark at KES 14.65 which is its highest closing price in more than 5 years. For most of this year, the share has gained, rising to trade above 12 shillings per share from below 10 shillings before May. We will watch the share to day to see if edges up further.

Equity Bank – The shares closed Friday at KES 23.75 which is their highest price since July last year. The Equity counter is one of the blue chip shares driving up performance of the NSE 20 Share Index to new highs over recent weeks. It is also one of the most highly traded shares at the bourse, with 52.7 million shares across the counter last month only second to Safaricom’s 108 million shares. Friday saw the Equity counter move 2.24 million shares. We will watch to see it  tops Friday’s high in today’s trading.