Lunch Report: Local Shares Advance Despite Bank Losses

By Tom Piotrowski | More Articles by Tom Piotrowski

The ASX 200 has started the new trading week with solid gains – although the improvements have been trimmed thanks to weakness in the big four lenders. Elsewhere Resmed $RMD has added to Friday’s gains thanks to broker upgrades, while Sims Metals Group $SMS has lunged following the second earnings downgrade in less than 2 months.