In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decent gain. At the time of writing, the benchmark index is up 0.4% to 8,727.1 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
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Breville Group Ltd (ASX: BRG)
The Breville share price is down 2.5% to $28.60. This appears to have been driven by the appliance manufacturer's shares going ex-dividend this morning for its latest payout. Last month, Breville released its half-year results and declared a fully franked dividend of 19 cents per share. This will be paid to eligible shareholders later this month on 27 March 2026.
Forrestania Resources Ltd (ASX: FRS)
The Forrestania Resources share price is down 3% to 61 cents. This morning, this gold explorer announced a deal to acquire a number of mining tenements within Western Australia's Eastern Goldfields gold district. The company has agreed to pay $5 million for the package of tenements. Forrestania Resources' chair, David Geraghty, commented: "This acquisition is aligned with Forrestania's disciplined strategy of consolidating prospective tenure, with significant tenure now in the FRS Eastern Goldfields Hub. Importantly, the transaction structure aligns consideration with preserving capital which can be assigned to advancing Forrestania's near term production ambitions across our portfolio of Western Australian gold assets."
GQG Partners Inc (ASX: GQG)
The GQG Partners share price is down 6% to $1.79. This follows the release of the fund manager's latest funds under management (FUM) update. GQG Partners reported a 4.3% increase in FUM to US$172.9 billion during the month of February. However, this was entirely driven by investment performance, which offset net outflows of US$3.2 billion. The company's net outflows were recorded across all strategies, with emerging markets leading the way. It reported net outflows of US$1.3 billion for emerging markets, followed by US$0.9 billion of net outflows from international strategies.
WiseTech Global Ltd (ASX: WTC)
The WiseTech Global share price is down over 3.5% to $49.18. This appears to have been driven by profit-taking from some investors following a strong rebound in recent weeks. For example, even after today's weakness, the WiseTech Global share price is up a sizeable 14% since 24 February. However, it remains down heavily since the start of the year.
