Updated
Updated · MarketWatch · May 6Standard Chartered shares rally 4.76% in favourable London market
13 articles · Updated · MarketWatch · May 6
- The stock closed at £19.06 on Wednesday as the FTSE 100 rose 2.15% to 10,438.66.
- Standard Chartered outperformed the broader market and finished just 0.94% below its 52-week high of £19.24 reached on 3 February.
- Trading volume was 5.3 million shares, below the 50-day average of 8.8 million, indicating the gain came on lighter-than-usual turnover.
After a record-breaking quarter, why is Standard Chartered's growth forecast for the rest of 2026 so cautious? With its $1.5B savings plan ending, what is Standard Chartered’s next big move to fuel growth? Can a bank famed for disciplined risk management successfully venture into the volatile world of cryptocurrency trading?