Company Performance: Earnings, revenue growth, and profitability directly impact investor confidence and the stock price.

Industry Trends: The overall health and growth prospects of the telecommunications sector influence investor sentiment towards Maxis.

Regulatory Environment: Government policies, regulations, and licensing agreements can significantly affect Maxis's operations and profitability.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and economic growth impact overall market sentiment and investment decisions.

Market Sentiment: General investor confidence and risk appetite in the Malaysian stock market affect demand and supply for Maxis shares.

Competition: The competitive landscape in the telecommunications industry, including pricing wars and new market entrants, impacts Maxis's market share and profitability.

Dividend Policy: Maxis's dividend payout ratio and dividend yield influence investor appeal, particularly among income-seeking investors.

Technological Advancements: New technologies and innovations in the telecommunications industry can affect Maxis's competitiveness and future growth prospects.

Global Events: International events, such as global economic crises or geopolitical tensions, can impact investor sentiment and market volatility.

Foreign Investment: Changes in foreign investment flows into the Malaysian stock market affect demand for Maxis shares.