2 1 Shi Ji Jing Ji Bao Dao·2025-09-22 08:13Group 1 - The A-share market saw all three major indices rise collectively on September 22, indicating positive market sentiment [1] - The Tianhong Food and Beverage ETF (159736) closed down 1.22% with a trading volume exceeding 280 million yuan and a net subscription of 84 million units [1] - The Tianhong Food and Beverage ETF has experienced a net inflow of funds for four consecutive days, accumulating 74.35 million yuan [1] Group 2 - The Tianhong Food and Beverage ETF closely tracks the CSI Food and Beverage Index, which selects stocks from the beverage, packaged food, and meat industries [1] - Major holdings in the Tianhong Food and Beverage ETF include leading companies such as Kweichow Moutai, Yili, Wuliangye, Shanxi Fenjiu, and Luzhou Laojiao [1] - Huachuang Securities emphasizes the importance of bottom-catalysts in the liquor sector, suggesting that traditional consumption is entering a phase of accumulation [1] Group 3 - Guoyuan Securities recommends closely monitoring the pricing and sales dynamics in the liquor sector as the Double Festival approaches, focusing on high-end liquor companies with strong brand and channel capabilities [2] - The beer industry is noted for its stable competitive landscape, while segments like snacks and energy drinks are experiencing high demand [2] - The dairy sector shows signs of stabilization in raw milk prices, with leading dairy companies demonstrating resilience [2]