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Why these 4 ASX shares are ending the week with a bang

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a high and is up 0.3% to 5,996 points in afternoon trade.

Four shares helping lift the market today are listed below. Here’s why they are ending the week with a bang:

The Beach Energy Ltd (ASX: BPT) share price has climbed almost 4% to $1.08 despite there being no news out of the energy company. Today’s gain is likely to be in relation to a rebound in the oil price after it slid lower over the past week.

The Galaxy Resources Limited (ASX: GXY) share price is up 3.5% to $3.49. Galaxy and the rest of the lithium miners have rebounded strongly today after heavy declines during the week. While I’m a very happy shareholder of Galaxy, its shares would need to come down a touch more before I would recommend them as a buy again.

The Origin Energy Ltd (ASX: ORG) share price is higher by 2.5% to $9.23 after Goldman Sachs upgraded the energy company to a buy rating with a $10.70 price target. Furthermore, the broker added Origin Energy to its Conviction List due to its belief that it will benefit from the transition to renewable energy.

The Pilbara Minerals Ltd (ASX: PLS) share price is up 6% to 94 cents. As well as gaining a lift from the lithium miner rebound, Pilbara Minerals was given an additional lift when it was included in the S&P/ASX 200 at the next quarterly rebalance. This should bring the miner onto the radar of fund managers.

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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. 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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