SHANGHAI, Feb 8, 2026, 04:42 (CST) — The session has ended.
- Kweichow Moutai’s Class A stock ended down 2.6% at 1,515.01 yuan.
- Baijiu stocks retreated across the board, with Moutai logging a modest block trade at par as well.
- Feb 11 brings China’s inflation numbers, which investors are eyeing as the immediate catalyst.
Kweichow Moutai Co., Ltd. Class A shares (600519.SS) settled at 1,515.01 yuan on Friday, losing 2.57% and snapping some of their early February momentum as investors look to the week ahead. Volume hit about 7.9 million shares with turnover near 12.0 billion yuan. The stock still stands roughly 6% higher for the past month and is up about 10% so far this year. 1
With mainland markets closed for the weekend and set to open again on Monday, Moutai remains in the spotlight. The company’s stock movements often ripple out, reflecting its outsized role as a bellwether for consumer demand and premium Lunar New Year spending.
The selloff on Friday swept across liquor stocks. Huangtai Wine dropped to its daily lower limit. Losses topped 3% for Shede, Shuijingfang, Jiuguijiu, Jinshiyuan and several peers. Shen Meng, director at Chanson Capital, pointed to a rotation earlier on—from pricey “hot” sectors into more affordable, higher-yield baijiu shares—as investors looked for shelter ahead of the long holiday. That rotation could stick around, he said, but emphasized that cheaper share prices don’t necessarily mean reduced risk if valuations remain stretched. 2
Broader markets lost ground as well. The Shanghai Composite Index slipped 0.25% to close at 4,065.58 on Friday, according to state media. 3
A single block trade in Moutai crossed at 1,515.01 yuan, right at the close. The transaction involved 2,500 shares for roughly 3.79 million yuan, Eastmoney data show. 4
Questions cropped up on both demand and distribution fronts. Users griped about glitches and sluggish loading on Moutai’s iMoutai purchasing app; the investment department at Moutai Securities acknowledged the complaints, saying the company was “optimising the system” and ramping up customer service as holiday-season traffic surged. 5
On Saturday, wholesale trends reversed course. According to a price tracker referenced by Jiemian News, benchmark wholesale prices for major Feitian Moutai labels climbed, with 2026 vintage cases gaining 50 yuan to reach 1,710 yuan per bottle. 6
The sector isn’t a straight shot. Holiday sell-through comes up short, or the market figures the dividend story’s baked in—rotation into baijiu can flip the other way quickly.
Come Monday, all eyes will be on Moutai and that 1,500-yuan mark, plus whether volumes stay brisk after the past week’s surge. Baijiu stocks often trade together, so sentiment in the group could swing things either way.
Looking to the coming week, China’s National Bureau of Statistics is set to release its monthly consumer price index and industrial producer price index on Feb 11. Any unexpected move in the inflation numbers could jolt policy forecasts—and that tends to ripple through to big consumer names such as Moutai. 7
