On November 25, the Shanghai Composite Index rose 0.87% to close at 3,870.02 points. The liquor sector gained 0.28%, ending at 2,254.47 points, with 12 liquor stocks advancing. Jiugui Liquor led the gains, rising 1.73%.
Among individual stocks, Kweichow Moutai closed at 1,444.65 yuan per share, down 0.51%. Wuliangye ended at 118.51 yuan per share, dipping 0.01%. Shanxi Xinghuacun Fen Wine rose 0.31% to 192.99 yuan per share, while Luzhou Laojiao climbed 0.50% to 133.59 yuan per share. Yanghe Brewery fell 1.19% to 65.71 yuan per share.
Galaxy Securities noted in a research report that the liquor industry has undergone deep adjustments this year, with supply-side clearing accelerating since Q3. Looking ahead to 2026, the report predicts the sector will remain in an adjustment phase but gradually approach a bottoming stage, marked by narrowing declines in sales and wholesale prices alongside continued financial statement adjustments, highlighting long-term stock value.
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