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Why these 4 ASX shares are ending the week with BIG gains

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and is up 0.7% to 5,861 points, .

Four shares which are finishing the week with particularly strong gains are listed below. Here’s why they have rocketed higher today:

The DUET Group (ASX: DUE) share price has surged almost 10% to $3.01 after the Foreign Investment Review Board approved the acquisition proposal by the CKI Consortium. Although shareholders will get to vote on the proposal today, it looks to be a mere formality now. The DUET board has unanimously recommended that shareholders vote in favour of the scheme.

The Fortescue Metals Group Limited (ASX: FMG) share price has climbed almost 5% to $5.42 today after iron ore prices rebounded. According to Metal Bulletin the spot price for the benchmark 62% fines rose 1.2% overnight to US$65.36 a tonne. With Chinese futures pointing higher, it looks as though iron ore prices could continue their recovery tonight.

The Iluka Resources Limited (ASX: ILU) share price has jumped higher for a second day in a row, this time by 6% to $8.65. The mineral sands producer’s shares have now risen almost 18% in two days following the release of a positive quarterly update. Iluka’s shares were given an additional boost today after Ord Minnett upgraded its shares to an accumulate rating with an $8.80 price target.

The Jumbo Interactive Ltd (ASX: JIN) share price has risen sharply again, this time by almost 7% to $2.41. The operator of the OzLotteries website has seen its share price rise 30% in the last five trading sessions amid speculation that lottery disruptor Lottoland could be interested in acquiring the company.

If you missed out on these gains I wouldn't worry. These exceptional blue-chip shares look set to smash the market this year in my opinion. Buy them today and give your portfolio a huge lift.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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