Company Performance: Good financial results, like increased revenue or profit, usually boost the stock price. Conversely, poor performance can lead to price declines.

Industry Trends: The overall health and growth prospects of the telecommunications sector impact investor sentiment towards Maxis, influencing its stock value.

Economic Conditions: Factors such as interest rates, inflation, and economic growth rates in Malaysia affect overall market sentiment and can influence Maxis's stock price.

Regulatory Environment: Changes in telecommunications regulations, licensing fees, or government policies can affect Maxis's profitability and, consequently, its stock price.

Competition: The intensity of competition within the telecommunications industry, including pricing wars and market share battles, can impact Maxis's financial performance and stock value.

Investor Sentiment: Market psychology, including overall optimism or pessimism regarding the stock market and the telecommunications sector, can drive buying or selling pressure on Maxis shares.

Dividend Policy: Maxis's dividend payouts influence investor demand. Higher and more consistent dividends can make the stock more attractive, increasing its price.

Global Events: Major global events like economic crises, geopolitical tensions, or pandemics can impact overall market sentiment and affect the price of Maxis's stock.

Technological Advancements: New technologies and their adoption rates in the telecommunications industry can affect Maxis's competitiveness and, thus, its stock price.

Analyst Ratings: Recommendations and price targets set by investment analysts can influence investor perceptions and trading decisions related to Maxis's stock.