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

It certainly has been a disappointing end to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is down sharply by 1% to 5,819 points.

Thankfully not all shares are ending the week lower. In fact, four shares in particular have managed to put on strong gains today. Here’s why:

The Alumina Limited (ASX: AWC) share price has jumped 4% to $1.84. Today’s gain is likely to be related to news that the world’s second largest aluminium producer Rusal posted a solid first-quarter profit thanks to strong aluminium demand and prices. According to the Financial Times, Rusal expects China to curb production, further boosting prices.

The Jumbo Interactive Ltd (ASX: JIN) share price is up 4% to $2.72 after the company announced that its decade-long lottery reseller agreements with Tatts Group Limited (ASX: TTS) have finally been extended. Furthermore, Tatts has acquired a significant stake in the OzLotteries operator. I believe this is great news for the company and can’t say I’m surprised to see its shares hit a new multi-year high.

The Perseus Mining Limited (ASX: PRU) share price has climbed 4% to 29.7 cents after the gold price bounced off recent lows as global markets retreated. The majority of Australia’s gold miners have climbed higher today, pushing the gold index up by a solid 2.5%.

The Slater & Gordon Limited (ASX: SGH) share price has rocketed 25% to 11 cents after the embattled law firm announced its plans to file a claim against Watchstone Group in the High Court of England and Wales for approximately £600 million. According to the release the claim is based upon serious allegations against Watchstone and its then senior management. This includes fraud, relating to its purchase of Watchstone’s Professional Service Division in 2015.

If you missed out on gains today don't worry. I'm tipping these explosive growth shares to deliver outsized returns over the next couple of years.

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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