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HSBC shares up in choppy trade after Q3 update

Mon, 04th Nov 2013 08:35

LONDON, Nov 4 (Reuters) - Shares in HSBC rose inchoppy trade on Monday after the release of in-linethird-quarter results.

Europe's biggest bank posted a rise in profit before tax of30 percent and said trading in October was in line with thefirst nine months of the year.

Early trade was volatile, however, and after a bounce to anintra-day high of 697 pence a share, the stock briefly turnednegative but was last up around 0.3 percent.

Traded volume was heavy at nearly 20 percent of the stock's90-day daily average after half an hour, against 6 percent forthe broader FTSE 100, which was up 0.4 percent.

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