Company Performance: Strong earnings, revenue growth, and positive financial health generally increase stock price.

Market Sentiment: Overall investor confidence and market trends (bullish or bearish) significantly influence stock valuations.

Industry Outlook: Positive prospects for the telecommunications sector can attract investors to Axiata Group Berhad.

Regulatory Changes: Government policies and regulations impacting the telecommunications industry affect investor perception.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and GDP growth influence investment decisions.

Competitive Landscape: Axiata's position relative to its competitors and market share impact its stock price.

Dividend Policy: Attractive dividend payouts can increase investor interest and support the stock price.

News and Events: Company-specific news, mergers, acquisitions, and partnerships can cause price fluctuations.

Foreign Exchange Rates: Fluctuations in currency exchange rates, particularly MYR, affect the value of international investments.

Global Events: International events, geopolitical tensions, and global economic trends impact market sentiment.