Liquor stocks collectively collapsed

Liquor stocks collectively collapsed

Liquor stocks collectively collapsed. In contrast, first-line liquor did not perform much. For example, Kweichow Moutai retreated from its highest point of 2,627.88 yuan to its lowest point of 1,866.01 yuan during the year, a drop of 29%. Yesterday, the closing price of Kweichow Moutai was 2,191 yuan, which is still nearly 20% away from the historical high. Liquor stocks collectively collapsed 1

The day after the stock prices of many liquor stocks hit record highs, they suffered a collective collapse. Yesterday, the liquor sector plunged nearly 9 points during the session, with 12 liquor stocks hitting their limit. Kweichow Moutai fell the most by nearly 5%, and Wuliangye fell by more than 6%. As of the close, the liquor sector fell 8.19%, and 8 liquor stocks fell by the limit. The net value of China Merchants China Securities Liquor Index Fund, which attracts a large number of Christians, fell by 6.5%. Liquor stocks have a strong mass base, and they immediately became hotly searched after such a drop.

It is worth noting that this wave of decline is not due to the suppression of bad news. It is more likely to be a normal correction after the previous surge. Interestingly, the belief in liquor among investors and Christians has not been shaken by this disagreement.

3,400 yuan! The market price of Moutai continues to rise

It is the off-season for liquor, but the market price of Moutai continues to rise.

Yesterday, the price of a batch of original boxes of 53-degree Feitian Moutai was 3,400 yuan/bottle, and the price of loose bottles was 2,770 yuan/bottle. The prices in some cigarette hotels and retail stores have even exceeded 3,700 yuan per bottle. As early as the end of January this year, the prices of a batch of original boxes and loose bottles were still 3,200 yuan/bottle and 2,600 yuan/bottle.

“The fluctuations in the past two days are still quite big, and the batch price has been rising. This is related to the demand for wine during the Dragon Boat Festival.” said the owner of a cigarette shop on Stadium Road in Hangzhou.

A Moutai dealer in Hangzhou said that since last year, Moutai has expanded the supply of direct sales channels. While ordinary consumers can buy Moutai at affordable prices, it also gives scalpers an opportunity to take advantage of the loopholes. "Compared to dealers, scalpers in the market are more difficult to control."

Prices continue to rise, and it is not easy to buy. The reporter contacted several cigarette shops, and these stores all said that the Dragon Boat Festival is approaching. Supply is tight.

The liquor sector fell 8%, investors’ faith remains unwavering

As of yesterday’s close, the liquor sector had fallen 8.19%, with the largest intraday drop close to 9%, which was far away from the lower limit of the entire sector. Just one step away.

Some big Vs joked that if there were liquor stocks listed on the GEM and the Science and Technology Innovation Board, the decline in the liquor sector might exceed 10%. Huangtai Liquor Industry, the best performer, fell by 2.48%, followed by Kweichow Moutai, which fell by 3.52%, Wuliangye and Yanghe, which fell by 4.78% and 5.71% respectively. Eight second- and third-tier liquor stocks including Golden Seed Liquor, Yilite, Jinhui Liquor, Shuijingfang, Yingjia Gong Liquor, Shede Liquor, Jiugui Liquor, and Laobaigan Liquor fell to their limit. The number of stocks hitting their daily limit was as high as 12.

Investors who bought liquor stocks and liquor funds were the most hurt. Among them, the net value of China Merchants China Securities Liquor Fund, which is most popular among Christians, fell by 6.5%.

What’s interesting is that many liquor investors are still optimistic and are rubbing their hands to enter the market. In the discussion area of ??China Merchants China Securities Liquor Index Fund, the hot topic among Christians is whether to increase positions after a sharp decline.

Some Christians said, "Don't miss the opportunity if you give it a chance. Otherwise, you can break your thigh again and calmly add to your position." "There was a big correction today and there will be a sharp rise tomorrow." Some Christians said, "I bought 30,000 yuan and am already on board."

In fact, the current market situation of liquor stocks is driven by second- and third-tier liquor stocks, and the "leading" position belongs to the liquor industry.

Since March 9, the liquor sector has been trotting all the way. Starting from May 20, the liquor index broke through the previous high. As of June 7, the liquor sector has soared 60% in just three months. The stock prices of Shanxi Fenjiu, Shede Liquor, Huangtai Liquor, etc. have reached new highs.

The Sheshe Wine Industry, which has successfully taken off its hat, has become the target of capital speculation in this round of market conditions. Sheshe Liquor Industry rose from the low of 57 yuan during the year to around 257 yuan, an increase of 351% in three months.

In contrast, first-tier liquor did not perform much. For example, Kweichow Moutai retreated from its highest point of 2,627.88 yuan to its lowest point of 1,866.01 yuan during the year, a drop of 29%.

Yesterday, the closing price of Kweichow Moutai was 2,191 yuan, which is still nearly 20% away from the historical high. Liquor stocks collectively collapsed 2

Yesterday, the liquor stocks that fell by the limit were mainly mid-to-low-end liquors with a total market value of less than 100 billion. Golden Seed Liquor, Yilite, and Jinhui Liquor were all affected, and Jiugui Liquor, Shuijingfang Liquor It's also a case of "cold" due to the heat, and you are caught off guard and hit the limit.

High-end and sub-high-end Kweichow Moutai, Wuliangye, and Yanghe shares were slightly less tragic, with a decline of 3%-6%. Luzhou Laojiao was a bit exaggerated, with a decline of more than 7 points. Stock investors began to look for reasons. There was no sign of this plunge. What happened?

Picture description: As of the close of trading on June 8, 2021

In fact, even including yesterday’s plunge, the CSI Liquor Index has increased by 13.03 in the past 20 days. %. Since March 10, liquor has rebounded by 39.18%. As of yesterday, the rolling PE was 57.3. Liquor's stock price has obviously risen back to its peak level at the end of last year.

Even after yesterday’s plunge, the mid- to low-end liquor stocks mentioned above are still in the top 50% of all liquor stocks. These second- and third-tier liquor stocks have been particularly sought after by funds recently. After the slump, the increase in liquor prices since mid-March is still at the level of the bull market. Some analysts are worried that the overall valuation of liquor stocks is too high.

Like liquor, there is also a sluggish rise in the medical beauty sector, which rebounded in the second quarter and then became aggressive. Some people ridiculed that because of the daily rise and chatter, the above two sectors have become somewhat aesthetically fatigued recently.

The medical beauty concept stock Langzi shares have fallen to the limit for two consecutive trading days this week, which dumbfounded the investors who took advantage of the "market dream rate" in the early stage and vowed to get on the medical beauty concept. The plot of the major shareholder reducing its holdings was also unimagined. In 7 months, Langzi's shares have risen by more than 700%. Since catching on the express train of the medical beauty concept, the stock price has taken off vertically. Immediately afterwards, Bloomage Biotech and others also disclosed the news that major shareholders have reduced their holdings. The entire medical beauty sector Instant cooling.

Picture description: Liquor trends in the past two years

If from the perspective of a company, time is always on the side of a good company, then from the perspective of the industry From this perspective, it is no exaggeration to say that time is always on the side of liquor. Liquor, as the long-lasting A-share market, is the "eternal god" who criticizes and slaps anyone in the face. It has recently reached a new high. However, due to overvaluation, the liquor sector has become an important observation value of the market's "crazy index".