Company Performance: Good earnings reports and positive financial results tend to drive the stock price up, while poor performance can lead to a price decrease.

Industry Trends: The overall health and performance of the telecommunications sector in Malaysia can impact investor sentiment towards Maxis.

Market Sentiment: General investor confidence or pessimism in the Malaysian stock market (KLSE) affects all stocks, including Maxis.

Regulatory Environment: Changes in government regulations related to telecommunications, such as licensing fees or spectrum allocation, can influence the stock price.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth can impact Maxis and its stock price.

Competition: The competitive landscape within the telecommunications industry, including the presence of other major players, affects Maxis' market share and profitability.

Dividend Policy: Maxis' dividend payouts can affect investor demand for the stock. Consistent and high dividends are generally attractive.

News & Events: Major news events related to Maxis, like mergers, acquisitions, or partnerships, can cause price fluctuations.

Global Events: Major global economic events, political instability and so on.