Company Performance: Revenue, profit margins, and overall financial health directly impact investor confidence and stock price.

Market Sentiment: General optimism or pessimism towards the Indonesian stock market affects all stocks, including MAXI.JK.

Sector Trends: Performance and outlook for the consumer goods sector influence investor perception of MAXI.JK.

Economic Conditions: Inflation, interest rates, and economic growth in Indonesia impact consumer spending and MAXI.JK's profitability.

Competitor Activity: Actions by competitors, such as pricing strategies or new product launches, can affect MAXI.JK's market share and stock price.

Regulatory Changes: New regulations impacting the consumer goods sector or MAXI.JK specifically can influence investor sentiment.

Global Events: Major global events, such as economic crises or political instability, can affect global markets and impact MAXI.JK.

Investor Confidence: Overall level of confidence among investors towards Indonesian companies and the stock market.

Dividend Policy: MAXI.JK's dividend payout ratio and dividend yield can affect its attractiveness to investors.

Supply Chain Issues: Disruptions in MAXI.JK's supply chain can impact production and profitability, affecting the stock price.