Kweichow Moutai's Class A shares closed Friday's session at 1,515.01 yuan, marking a decline of 2.6%. Trading volume reached approximately 7.9 million shares. The stock's movement contributed to a wider downturn across the baijiu sector as markets prepared for a key economic data release.
Sector-Wide Pressure
The sell-off extended to other major liquor stocks, with several peers seeing losses exceeding 3%. Analysts noted a recent rotation into more affordable baijiu shares as investors sought shelter ahead of the holiday period, though caution remains regarding stretched valuations. The broader Shanghai Composite Index also edged lower, finishing down 0.25%.
A notable block trade of 2,500 Moutai shares executed at the closing price highlighted institutional activity. Meanwhile, technical issues were reported on the company's official purchasing app during a period of high holiday traffic, with the company stating it was optimizing system performance.
Contrasting Wholesale Trends
In a contrasting development, wholesale prices for benchmark Feitian Moutai labels increased on Saturday. The price for a 2026 vintage case rose by 50 yuan to 1,710 yuan per bottle, according to industry data.
Attention now shifts to the upcoming release of China's consumer and producer price indices on February 11. These inflation figures are seen as a potential catalyst for policy expectations and could significantly impact major consumer stocks like Moutai when markets reopen on Monday.