BUZZ-Standard Chartered: rallies as capital raise likely put off

** Standard Chartered (HKSE: 2888.HK - news) rises as much as 6.4 pct despite a big headline profit and dividend miss, with traders citing an improved capital position as driving gains

** Choppy trading as sellers drawn back in on the bounce, stock last up 1.7 pct

** Among most traded on Stoxx 600 by average 30-day volumes with its entire daily average traded in the first two hours

** Capital (Other OTC: CGHC - news) ratio 11.5 pct v 10.6 pct expected, no capital raise though CEO says still a possibility

** Trader notes stock previously below book value in anticipation of a raise - cheapest of the UK banks on 0.8x P/B according to Thomson Reuters (Dusseldorf: TOC.DU - news) data

** Bernstein says move to cut dividend minimizes the probability of a capital raise north of $5bn in the months to come (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)