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:
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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.
