Following the 425 bps rate cut by the CBRT, the whole banking sector react positively, VAKBN, in particular over extended compared to its sector peers.
Trading roughly around 5.09 TRL in the afternoon session, the equity leads banking in performance intraday. The equity could trace back to support at 4.83 TRL.
Summing up, the conviction is orientated around VAKBN overreacting to the central bank news.