| 沪深京市场 | | 香港市场 | 美国市场 | 英国市场 | 全球指数 | | 股转系统 | 期权市场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 沪深综合 | | 沪深京A股 ▼ | 创业板 ▼ | 科创板 ▼ | CDR | 沪深京指数 ▼ | | 白酒 ▼ | | 序 | 代码 | 名称 | | 最新 | 涨幅 > | 涨跌 | 成交量 | 现量 | | 0 | BK0896 | 白酒 | | 2319.88 | +5.16% | +113.84 | 26.1万手 | 03 | | 1 | 600199 | 金种子酒 | R ● | 10.30 | +10.04% | +0.94 | 58.5万手 | 4345手 | | 2 | 000995 | 三圆织与新 | ● | 14.48 | +10.03% | +1.32 | 26.4万手 | 576手 | | 3 | 603198 | 迎驾贡酒 | R . | 42.63 | +10.01% | +3.88 | 21.4万手 | 673手 | | 4 | 603919 | 金徽 ...

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the STAR 50 Index saw a significant decline. The total trading volume in the A-share market exceeded 3 trillion yuan, returning to above 30 billion yuan [1] - The Shanghai Composite Index closed up 0.16% at 4157.98 points, with the SSE 50 Index rising 1.65%. The Shenzhen Component Index fell 0.3%, and the ChiNext Index dropped 0.57%. The STAR 50 Index fell over 3% [1] Sector Performance Alcohol Sector - The alcohol sector witnessed a notable surge, with approximately 20 stocks hitting the daily limit. Notable performers included Gujing Gongjiu, Shanxi Fenjiu, Wuliangye, and Luzhou Laojiao, with Kweichow Moutai rising nearly 9% to surpass 1400 yuan [3][5] - Institutions indicate that as the Spring Festival approaches, demand for inventory is gradually increasing, and the stabilization of prices from leading liquor companies is becoming evident. This is expected to lead to a valuation recovery in the liquor sector post-Spring Festival [5] Financial Sector - The financial sector also showed strength, with significant gains in insurance, banking, and brokerage stocks. China Ping An rose over 5%, while China Pacific Insurance and China Life increased by over 4% and nearly 3%, respectively [8] - The banking sector is expected to maintain its appeal due to high dividends and low valuations, despite recent passive fund outflows causing some disturbances in liquidity [9] - The brokerage sector is anticipated to continue its upward trajectory, supported by strong fundamentals and potential catalysts from favorable financial policies [9] AI Application Sector - The AI application sector was notably active, with companies like Yinsai Group and Tianlong Group hitting the daily limit, and BlueFocus reaching a historical high with a nearly 15% increase [11][13] - The demand for computing power is expected to rise due to the rapid iteration of AI models and applications, indicating a positive outlook for the AI application and computing power sectors [13]

（文章来源：21世纪经济报道） 消息面上，飞天茅台价格节前连续上涨，整箱批价突破1600元。第三方报价平台显示，1月29日，2026 年原箱茅台价格单瓶价格上涨20元为1610元/瓶，回升到1600元以上，散瓶的价格保持在1570元/瓶，前 几日茅台的批价还稳定在1550元/瓶左右。记者在"i茅台"平台看到，1499元的普茅连续第29天在多次秒 空后显示售罄。 1月29日，A股三大指数涨跌不一，沪指窄幅震荡，上证50指数涨超1%，创业板指冲高回落，科创50指 数跌超3%。从板块来看，白酒板块午后爆发，成分股全线飘红，金种子酒、皇台酒业、迎驾贡酒、金 徽酒、水井坊、酒鬼酒、舍得酒业、泸州老窖等18股涨停，顺鑫农业、贵州茅台、古井贡B等涨超5%。 ...

1月29日午后，A股白酒板块震荡反弹。截至下午收盘，皇台酒业、酒鬼酒、水井坊、舍得酒业、五粮 液、泸州老窖等十多只个股涨停。 此外，1月6日上线的53%vol 500ml贵州茅台酒(丙午马年)生肖酒也已售罄并遭到热炒。潮物售卖平台得 物App的数据显示，刚刚发售的几日，2026年马年生肖茅台经典款成交价由1899元最高上涨至2499元， 溢价600元（32%）；珍享版成交价由2499元上涨至最高6899元，溢价4400元（176%），礼盒装价格由 3789元最高上涨至5899元。1月29日，智通财经在该平台查询发现，经典款目前报价2839元，价格再次 上涨，溢价近1000元；珍享版目前报价6438元，价格略有回落；礼盒装一盒2瓶售价6726元。 其中，贵州茅台涨8.61%，股价报收1437.72元/股，创下近一年来其股价最大的单日涨幅，全天成交额 超263亿元，最新总市值1.8万亿元。 1月13日晚，贵州茅台发布公告称，其董事会审议通过《2026年贵州茅台酒市场化运营方案》，该方案 从产品体系、运营模式、渠道布局以及价格机制4个方面做了相应调整。其中，贵州茅台酒运营模式 由"自售+经销"的传统销售模式向"自售 ...

Core Viewpoint - The liquor sector, including core liquor stocks, yellow wine, beer, and red wine, has experienced a significant surge, with many stocks hitting their daily limit up, indicating a strong market interest and potential recovery in the sector [1][2]. Liquor Sector Performance - On the afternoon of the 29th, the core liquor stocks continued to rise, with multiple stocks such as Shui Jing Fang, Shanxi Fenjiu, Wuliangye, and others reaching their daily limit up. Kweichow Moutai saw an increase of over 9% at one point [1]. - A total of 19 out of 20 core liquor stocks hit the daily limit up, while Kweichow Moutai, which did not, still rose by 8.61%. Over 600 billion yuan flowed into the liquor sector, with total trading volume reaching 614.2 billion yuan [2][3]. Price Movements - The price of Feitian Moutai has risen above 1,600 yuan per bottle, with the price on January 29 showing an increase of 20 yuan to 1,610 yuan per bottle. This price increase is attributed to strong demand during the upcoming Spring Festival [5]. Market Sentiment and Future Outlook - Analysts from CITIC Securities suggest that the liquor sector is poised for a recovery as the Spring Festival marketing activities approach, with stable sales expected. The report indicates that the current stock prices reflect market expectations, and the sector's valuation is relatively low, making it an attractive investment opportunity [6]. - The report from Guotai Junan Securities highlights that the current public fund holdings in the liquor sector are at a historical low of 3.93%, suggesting that the conditions for a new cycle in the sector are in place [6]. Broader Market Trends - The real estate sector also saw a significant rise, with stocks like Dayuecheng and Sanxiang Impression hitting their daily limit up, indicating a rotation in market interest towards liquor and real estate sectors [4]. - The A-share indices showed divergent trends, with the Shanghai 50 Index rising over 1% while the Sci-Tech 50 Index fell over 3% [4]. Investment Perspectives - Notable investor Duan Yongping commented on Kweichow Moutai, suggesting that while short-term fluctuations are uncertain, the long-term outlook remains positive, indicating that the current price is not expensive when viewed over a decade [8].

驱动这些板块上涨的逻辑，核心在于"预期修复"和"高低切换"。一方面，市场对于春节前的消费旺季抱 有期待，白酒板块的备货行情提前启动，叠加可能进一步落地的"以旧换新"等消费刺激政策，给了资金 做多的理由。另一方面，房地产板块在经历了长期深度调整后，筹码结构已经相对出清，部分政策边际 改善的传闻（如月度数据上报要求调整）便足以引发超跌反弹。 今天是2026年1月29日，市场走出了极为分化的行情，相信很多朋友手中的持仓也是冰火两重天。我们 来一起拆解一下盘面，看看资金究竟在流向何方。 先看整体概览。今日A股三大指数涨跌不一，上证指数顽强收红，微涨0.16%，报4157.98点；而深证成 指和创业板指分别下跌0.3%和0.57%。最引人注目的是科创50指数，全天大跌3.03%，收于1507.64点。 两市成交额显著放大，达到了3.23万亿元，环比增加了超过2600亿元。港股方面相对平稳，恒生指数微 涨0.2%，但恒生科技指数下跌1.41%。 这种"沪强深弱"、主板与科创严重分化的格局，清晰地揭示了当前市场的资金偏好和情绪主线。 从行业板块来看，今天的涨幅榜几乎被传统蓝筹和顺周期板块包揽。食品饮料板块一骑绝尘，暴涨 6 ...

Group 1 - The core viewpoint of the news is that the recent surge in liquor stocks, particularly in the white liquor sector, is attributed to a combination of capital seeking safety and changes in market sentiment [1][2] - On January 29, 17 white liquor stocks collectively hit the daily limit, with Kweichow Moutai rising by 8.61%. Other notable stocks like Wuliangye, Luzhou Laojiao, and Yanghe also reached their daily limits [1] - The performance of white liquor stocks has been poor since the third quarter of 2025, with many companies reporting significant declines in earnings growth. For instance, Jinzhongzi Liquor expects a net profit loss of 150 to 190 million yuan for 2025 [1] Group 2 - The collective rise in white liquor stocks is not closely related to the fundamentals of individual companies, as observed by Shen Meng from Xiangsong Capital. The strong performance of white liquor, resource, and banking stocks contrasts with the noticeable pullback in the technology and small-cap sectors [2] - The current bullish sentiment in the stock market is favorable for liquor consumption during the upcoming Spring Festival, contributing to optimistic investor sentiment [2] - Real estate stocks also experienced a collective surge due to news influences, highlighting the strong correlation between the liquor and real estate sectors [2]

来源：上海证券报·中国证券网 | 陸号 | 证券代码 | 证券名称 | > | 所属申万行业名 ... 当目净流入额 [行业类别]2级 [单位]亿元 | | --- | --- | --- | --- | --- | | | | | | [截止日期]最新( ... | | 1 | 600519.SH | 贵州茅台 | > | 33.39 白酒エ | | 2 | 300058.SZ | 蓝色光标 | > | 28.98 广告营销 | | 3 | 000858.SZ | 五 | > | 17.03 白酒工 | | র | 600111.SH | 北方稀土 | > | 15.41 小金属 | | 5 | 002230.SZ | 科大讯飞 | > | 15.40 软件开发 | | 6 | 000901.SZ | 航天科技 | > | 12.26 汽车零部件 | | 7 | 600986.SH | 浙文互联 | > | 10.51 广告营销 | | 8 | 601318.SH | 中国平安 | > | 9.68 保险工 | | 9 | 000568.SZ | 泸州老窖 | イ | 8.53 自酒工 | | 10 | 3 ...

Group 1 - The core point of the news is the significant surge in Chinese liquor stocks, particularly after a period of underperformance, driven by a combination of market sentiment and capital seeking safer investments [1][3] - On January 29, 17 liquor stocks, including Kweichow Moutai, experienced a collective limit-up, with Kweichow Moutai rising by 8.61% [1] - The rise in liquor stocks also positively impacted yellow wine stocks, with Gu Yue Long Shan and Kuaiji Mountain hitting the limit-up, and Jin Feng Jiu Ye increasing by 6.8% [1] Group 2 - Since the third quarter of 2025, liquor stocks have faced challenges, with many companies reporting significant declines in performance growth [1] - Several liquor companies have issued profit warnings, indicating substantial impacts on their annual performance, with Jin Zhong Zi Jiu predicting a net loss of 150 to 190 million yuan for 2025 [1] - The collective rise in liquor stocks is not closely related to individual company fundamentals, but rather reflects a broader market trend where funds are moving from high-risk sectors like technology to safer stocks [3]

1月29日，白酒股午后持续拉升，五粮液、酒鬼酒等十余股涨停。贵州茅台放量大涨8.61%，报1437.72元/股，创下近一年来其股价最大的单日涨幅。 消息面上，据酒业数据平台"今日酒价"显示，1月29日，茅台酒继续上涨，已经突破1600元关口。其中，25年飞天茅台（原）批发价为1610元/瓶，较前一 日涨20元；25年飞天茅台（散）价格报1620元/瓶，较前一日涨20元。同时，部分茅台省区直营店已出现飞天茅台"库存不足"的情况，仅在i茅台申购成功 者能保证有现货。 此前，贵州茅台股价震荡下行，近日更是创下2024年10月以来的新低。就在上周，知名投资人段永平直言，拉长时间看当前股价"真的不贵"。而从公募基 金对白酒板块的最新配置情况看，仓位已低于4%，处于相对底部。 段永平频发声 开年以来，贵州茅台开始在i茅台App直销飞天茅台酒，备受市场瞩目。段永平非常看好该举措。 有网友向段永平提问："投资时会关注宏观经济形势吗？"段永平表示，主要看公司本身。好公司虽然也会受到大环境影响，但因为好公司大多比较健康， 往往受到的影响相对要小，回来的时候也经常是更快的。就茅台而言，一段时间内，茅台的销售肯定是会受到房地产行业等 ...