Why Findi, GQG, Netwealth, and Northern Star shares are tumbling today

Let's see why these shares are starting the week in the red.

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The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small gain. At the time of writing, the benchmark index is up 0.2% to 8,451.7 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Findi Ltd (ASX: FND)

The Findi share price is down a further 10% to $5.31. Investors have been selling this India-focused digital payments and financial services provider's shares since the release of its half year results last week. Findi reported a 6.6% increase in revenue to $33.9 million and a 2.4% lift in EBITDA to $12.9 million. This means a very big second half will be required to achieve its full year guidance for revenue in the range of $80 million to $90 million and EBITDA in the range of $30 million to $35 million.

GQG Partners Inc (ASX: GQG)

The GQG Partners share price is down 12% to $2.07. This is despite there being no news out of the fund manager today. However, it is worth noting that its shares have been incredibly volatile in recent weeks due to its investments in the Adani Group. Morgans recently warned: "[G]iven the relatively high profile nature of GQG's exposure, there is some reputation risk GQG needs to manage. This along with the impact on near-term investment performance (EM fund), fund flows may come under some pressure/question."

Netwealth Group Ltd (ASX: NWL)

The Netwealth Group share price is down 3% to $29.85. Investors have been selling the investment platform provider's shares following the release of a business update. Netwealth revealed that it has achieved a major milestone, exceeding $100 billion funds under administration (FUA) on its 25th Anniversary. Total FUA net inflows for FY 2025 year-to-date are now $6.6 billion with positive market movement of $5.6 billion. It seems that the market was expecting even stronger growth.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is down almost 6% to $16.51. This follows news that the gold miner has agreed to acquire gold developer De Grey Mining Limited (ASX: DEG) in a deal valued at $5 billion. Northern Star's CEO, Stuart Tonkin, said: "The acquisition of De Grey is strongly aligned with Northern Star's strategy and contributes to our purpose of generating superior returns for shareholders. De Grey's Hemi development project will deliver a low-cost, long-life and large-scale gold mine in the Tier-1 jurisdiction of Western Australia, enhancing the quality of Northern Star's asset portfolio to generate cash earnings."

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