Market Sentiment: Overall investor confidence and prevailing mood in the Australian stock market influence buying and selling pressure on ADC shares.

Company Performance: ADC's financial results, including revenue growth, profitability, and cash flow, directly impact investor perception and stock valuation.

Industry Trends: Developments and trends within the real estate and property development sector affect ADC's prospects and consequently its share price.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and GDP growth influence investment decisions and the attractiveness of ADC shares.

Regulatory Changes: Government policies, regulations related to property development, and zoning laws can significantly affect ADC's operations and stock price.

Interest Rate Movements: Changes in interest rates can impact borrowing costs for property developers like ADC and influence property valuations, affecting investor sentiment.

Commodity Prices: Fluctuations in prices of construction materials like steel and cement can affect ADC's project costs and profitability, influencing share value.

Competitor Activity: Actions and performance of ADC's competitors can influence market share, investor perception, and ultimately, the stock price.