The Performance of the Spring Festival Market was Flat Liquor Stocks Collectively Plunged Wuliangye broke down sharply and hit a new one-and-a-half-year low

On February 8, the liquor sector fell significantly. As of press time, 5 shares of Gujing Tribute Wine, Kouzijiao, Shanxi FenJiu and so on fell by more than 5%, Guizhou Moutai fell 3.35%, and Wuliangye fell 4.53% to a new low in nearly a year and a half.

The main funds fled liquor stocks in the morning, and the net outflow amount has exceeded 1.4 billion yuan. Among them, Wuliangye was sold by the main force of more than 500 million yuan, and the net outflow of the main force of Moutai in Guizhou exceeded 300 million yuan.

The first financial reporter learned from many liquor merchants that so far, the overall performance of the liquor market during the Spring Festival season this year has been flat, and many interviewed wine merchants said that Feitian Moutai was not selling better than the spring festival of the previous year. Industry experts believe that this change is related to the gradual return of liquor consumption to rationality under the epidemic, and the concept of consumption nodes such as the Baijiu Spring Festival is gradually fading.

For the outlook for the future market of liquor stocks, the institution remains optimistic, CITIC Securities pointed out that the overall performance and structural differences in liquor sales during the Spring Festival peak season of the Year of the Tiger are in line with expectations, and the famous wine maintains consistent stability, and the emblem wine and Su wine are relatively eye-catching. We believe that a period of correction a few years ago has basically released the relatively negative sentiment of the market for peak season sales, and the current tracking shows that the performance of liquor sales during the Spring Festival peak season has remained stable, and market sentiment is expected to gradually warm up.

Dongxing Securities Research Report pointed out that the valuation of the liquor sector has a strong correlation with monetary liquidity, and this round of monetary policy is expected to be loose, or there is a greater boost to market confidence.