Home Business Chinese liquor stocks plunged and Maotai shrank 120 billion | A shares | Kweichow Moutai | Jiuguijiu

Chinese liquor stocks plunged and Maotai shrank 120 billion | A shares | Kweichow Moutai | Jiuguijiu

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[Epoch Times July 26, 2021](Epoch Times reporter Li Bing comprehensive report) Today (26th), the three major A-share indexes fell collectively. Liquor stocks have fallen sharply. Among them, Kweichow Moutai, the leading liquor stock, has fallen more than 5%, and its market value has evaporated by 124.9 billion yuan, which has shrunk by more than one trillion yuan from its highest point this year.

On the disk, liquor, insurance, cloud gaming, food and beverage, medicine and healthcare, online education, Hongmeng Concept and other sectors were among the top decliners.

The data showed that the Wind Food and Beverage Index fell 6.42% on the 26th, the Wind Liquor Index fell 7.22%, the Liquor ETF fell 7.46%, 90% of the liquor index constituent stocks fell more than 5%, Shuijingfang and Shede Liquor Industry fell to the limit, and Kweichow Moutai fell below the annual line.

Under today’s general market decline, liquor stocks opened lower. Not only did individual stocks fall tragically, but liquor-related concept stocks were almost completely wiped out.

China Business News reported that as of the close, 19 stocks in the Shenyin Wanguo liquor industry classification (including Gujing Gong B) all closed down, and 16 stocks fell more than 5% in a single day.

Among them, Jiuguijiu and Shuijingfang fell to the limit, Shanxi Fenjiu fell 9.8%, Huangtai Liquor fell 8.51%, Shede Liquor fell 8.39%, Jinshiyuan fell 8.12%, Kouzijiao and Wuliangye fell 7.99%.

Kweichow Moutai, a closely watched liquor leading stock, fell 5.24%, and Kweichow Moutai’s market value evaporated by 124.9 billion yuan (RMB, the same below).

According to news from AI Finance and Economics, Kweichow Moutai reported 1,800.53 yuan per share, with a total market value of approximately 2.26 trillion yuan, compared with the highest point of 2,608.59 yuan per share in February this year. The current total market value has fallen by more than 30%, shrinking by nearly 1,292.89 billion yuan.

It is worth noting that Wuliangye has fallen from its highest point of RMB 353.61 per share in February this year to RMB 249.39 per share today. In more than five months, its total market value has fallen below one trillion yuan, reaching 968.1 billion yuan.

In fact, the decline of baijiu did not start today. Since the first half of 2021, baijiu stocks have changed their upward trend and began a full correction.

Data show that year-to-date, of the 19 stocks in the Shenwan liquor industry, only 5 stocks have risen, 14 have fallen, and 9 have fallen by more than 10%. Shunxin Agriculture saw the highest decline, with its stock price falling 54.56% year-to-date; Huangtai Liquor was second, down 25.86%.

Editor in charge: Gao Jing#

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