Why these 4 ASX shares are rocketing higher today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday’s decline and finds itself 0.1% higher to 5,762 points today thanks to solid gains in the materials and energy sectors.

Four shares which have made notably strong gains today are listed below. Here’s why they have rocketed higher:

The Brickworks Limited (ASX: BKW) share price has jumped 5% to $13.12 today. This morning the building products manufacturer threatened to take its manufacturing overseas if the government did not address soaring energy costs. Its recent gas contract negotiations for supply until 2019 means the company will see prices increase 76% across its east coast operations.

The Origin Energy Ltd (ASX: ORG) share price has climbed 3.5% to $6.58 after the integrated energy company was upgraded to an outperform rating by Credit Suisse. Although I think its planned divestments are a great idea, I’m reasonably bearish on oil prices at the moment. If oil prices tumble down to US$40 a barrel, I fear Origin’s share price could fall significantly also.

The Pro Medicus Limited (ASX: PME) share price has risen 8% to $4.69 after the digital medical imaging company announced a major new deal with Primary Health Care Limited (ASX: PRY). The deal will see its Visage RIS product rolled out across 141 of Primary Health Care’s diagnostic imaging sites. All in all, the deal is expected to add at least $14.5 million in total to Pro Medicus’ top line over a five-year period.

The TPG Telecom Ltd (ASX: TPM) share price has jumped 4% to $6.57 today despite there being no news out of the growing telecommunications company. It appears as though investors may wish to grab hold of its shares ahead of its half-year release next week. Considering how cheap its shares appear right now, I can’t say I’m surprised to see them climbing higher.

Did you miss out on gains today? Don't worry because these five shares could be just what your portfolio needs to take it higher in the long-term. They also pay generous dividends as well.

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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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