Company Performance: Strong financial results, revenue growth, and profitability attract investors, driving up the stock price. Conversely, poor performance can lead to price decline.

Industry Trends: Positive developments in the telecommunications sector, where Maxis operates, generally boost investor confidence and stock valuation. Negative industry trends can have the opposite effect.

Economic Conditions: Malaysia's overall economic health, including GDP growth, inflation, and interest rates, influences investor sentiment and the attractiveness of Maxis shares.

Market Sentiment: General investor confidence or pessimism in the Malaysian stock market (Bursa Malaysia) can impact all stocks, including Maxis, regardless of specific company performance.

Regulatory Changes: New government regulations or policies affecting the telecommunications industry can significantly impact Maxis's profitability and investment appeal.

Competition: The competitive landscape in Malaysia's telecommunications market, including actions by competitors like CelcomDigi and U Mobile, influences Maxis's market share and profitability.

Dividend Policy: Maxis's dividend payout ratio and dividend yield impact its attractiveness to income-seeking investors, affecting the stock price.

News and Announcements: Major company announcements, such as mergers, acquisitions, partnerships, or new product launches, can trigger significant price movements.

Global Events: Global economic or political events can influence investor risk appetite and capital flows, impacting the Malaysian stock market and Maxis's stock price.