Company Performance: Positive earnings reports, revenue growth, and strong financial health typically boost stock price. Negative performance can lead to price declines.

Industry Trends: Growth or decline within the telecommunications sector influences investor sentiment towards Axiata, impacting its share price.

Market Sentiment: Overall bullish or bearish market conditions in Bursa Malaysia can affect Axiata's stock, even if the company performs well or poorly.

Regulatory Changes: Government regulations or policy shifts affecting the telecommunications industry can significantly impact Axiata's profitability and stock price.

Economic Factors: Interest rates, inflation, and GDP growth in Malaysia and other countries where Axiata operates impact investor confidence and valuation.

Competition: The competitive landscape within the telecommunications industry, including new entrants or aggressive pricing strategies by competitors, affects Axiata's market share and profitability.

Investor Confidence: News and announcements related to Axiata's future prospects, management changes, or strategic initiatives influence investor confidence, driving buying or selling pressure.

Global Events: Major global events, such as economic crises or geopolitical instability, can trigger widespread market volatility, affecting Axiata's stock price along with other companies.