May be this little snippet will help you.
// Get the currently selected item in the ListBox.
string curItem = listBox1.SelectedItem.ToString();
// Find the string in ListBox2.
int index = listBox2.FindString(curItem);
// If the item was not found in ListBox 2 display a message box, otherwise select it in ListBox2.
if(index == -1)
MessageBox.Show("Item is not available in ListBox2");
else
listBox2.SetSelected(index,true);`