The S&P/ASX 200 Index (ASX: XJO) is having a poor finish to the week. In afternoon trade, the benchmark index is down 1.3% to 8,919.9 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:
AMP Ltd (ASX: AMP)
The AMP share price is up 8% to $1.38. Investors may believe this financial services company’s shares were oversold on Thursday following the release of its full-year results. AMP posted a 20.8% increase in underlying net profit after tax to $285 million. However, statutory profit was down 11.3% to $133 million. The team at Ord Minnett saw the heavy decline as a buying opportunity. This morning, it upgraded AMP’s shares to a buy rating with a reduced price target of $1.65 (from $2.05).
GQG Partners Inc (ASX: GQG)
The GQG Partners share price is up 7% to $1.73. This follows the release of the fund manager’s full-year results. GQG Partners posted a 6.3% increase in revenue to US$808.3 million and a 7.3% lift in net income to US$463.3 million. This allowed the company to lift its total dividends to 14.69 US cents per share. GQG Partners’ CEO, Tim Carver, said: “While we faced some headwinds in 2025, our team achieved several important milestones this year. On the back of a very strong 2024, GQG steadily grew funds under management (FUM) in the first half of 2025, reaching a month-end record high of USD 172.4 billion as of 30 June 2025.”
Nextdc Ltd (ASX: NXT)
The Nextdc share price is up 5.5% to $14.26. This may have been driven by news that Google parent, Alphabet (NASDAQ: GOOG), has raised US$100 billion from a 100-year bond sale to fund its artificial intelligence spending. This level of spending appears to support the view that NextDC’s data centres are well-positioned to benefit from growing demand over the next decade and beyond.
Origin Energy Ltd (ASX: ORG)
The Origin Energy share price is up a further 3.5% to $11.90. This energy giant’s shares have been charging higher this week following the release of its half-year results. Origin Energy reported an underlying profit of $593 million. While this was down from $924 million in the prior corresponding period, it appears to have been better than feared. Another positive was that management upgraded its Energy Markets full-year underlying EBITDA guidance.
The post Why AMP, GQG, NextDC, and Origin Energy shares are racing higher today appeared first on The Motley Fool Australia.
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More reading
- 3 ASX 200 stocks smashing the benchmark this week
- Why are AMP shares lifting off in Friday’s sinking market?
- GQG shares rise 4% as resilient earnings ease fund outflow concerns
- GQG Partners posts strong FY25 earnings and record FUM
- $2,000 invested in AMP shares at the start of 2026 is now worthâ¦
Motley Fool contributor James Mickleboro has positions in Gqg Partners and Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet. The Motley Fool Australia has recommended Alphabet and Gqg Partners. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.