The anomaly in JCI’s strengthening is in contrast with the dimming of the Window Dressing outlook globally after the BoE and ECB continued their upward trend in interest rates, which rose by 50 Bps to 3.50% and 2.50%, respectively. From the domestic side, the strengthening in Energy Sector and the easing pressure on the Technology Sector made JCI appreciate more than 1% WoW. The JCI appreciation contrasted with the global exchanges that were relatively weaker within the same period. Previously, one of the Big Cap. Tech. stocks experienced selling pressure in a row within early Dec. 2022, which affected a decline in the Market Cap. Furthermore, the weakening of selling pressure made the Super App. Stock is less burdensome for JCI’s movement. Positive catalysts also supported the JCI strengthening within the week.
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