1月29日，A股酒类板块午后集体爆发，迎来久违大涨。古井贡酒、山西汾酒、五粮液、泸州老窖等约20股涨停，贵州茅台涨近9%重返1400元上方。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 第三方平台数据显示，1月29日，飞天茅台批发价格延续上涨态势。其中2025年飞天茅台原箱较上一日上涨20元/瓶，至1620元/瓶；2026年飞天茅台原箱同 样上涨20元/瓶，至1610元/瓶。部分茅台省区直营店出现飞天茅台库存不足情况，仅i茅台申购成功者可保证获得现货。 中信证券指出，白酒行业即将迎来春节旺季营销活动，经销商在经销商大会后持续学习吸收龙头企业的渠道、产品等多维度改革经验。行业或在新改革和新 方向下重新聚焦市场培育和消费者教育，促进开瓶动销并为经销商减负。综合考虑到动销已逐步平稳、2026年春节假期多一天、白酒春节消费场景等诸多因 素，2026年春节白酒实际动销有望维持平稳，无须过度悲观。再考虑到后续逐步复苏趋势明确，看好白酒行业底部配置机会。 当日，食品饮料行业获得逾168亿元主力资金净流入，贵州茅台、五粮液位列主力资金净流入个股靠前位置。此前白酒行业处 ...

今天，A股三大指数涨跌不一。截至收盘，上证指数上涨0.16%，深证成指、创业板指数分别下跌 0.30%、0.57%。 不过，市场风格要发生彻底的变化，不是一朝一夕的事，会有一个持续的过程，后续仍需要观察。这方 面，可以观察大盘蓝筹的表现。 沪深京三市成交额达到32597亿元，较昨日放量2671亿元。个股跌多涨少，有1803只个股上涨，个股涨 跌幅的中位数为下跌0.92%。 今天市场出现三大异常现象，值得注意。 首先，自1月14日投机情绪降温以来，宽基ETF一直是带量下跌，但今天部分宽基ETF却是带量拉升， 比如上证50ETF（510050）。 其次，上证50、沪深300两大指数领涨，中小盘方向的宽基指数调整。科创50指数跌幅较大，跌幅达 3.03%。 上证50、沪深300两大指数的ETF，是近期神秘资金卖出的主要对象；中小盘方向的宽基指数，是资金 近期为躲避ETF抛售而选择的方向。如今，二者的位置有点调转过来的味道。 最后，低位的酿酒、地产板块大涨，位置不高的食品饮料板块也涨幅居前。白酒股接近全部涨停，白酒 ETF涨停。 要知道，白酒板块近两年表现低迷，一直被市场嘲笑，如今突然大涨，惊呆了众多投资者。 其他板 ...

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the consumer staples sector, including Guizhou Moutai, Wuliangye, Luzhou Laojiao, and others, indicating a positive outlook for these stocks [1]. Core Insights - There is an intensified divergence among mid-to-high-end baijiu products, with no discount contraction observed in food and beverage categories [1]. - The report highlights that the wholesale prices of various baijiu brands have shown stability or slight changes, with some brands experiencing price increases while others remain flat or decrease [3][4][35]. - Discounts on representative products in condiments, liquid milk, and soft drinks have widened compared to the end of December, indicating a shift in pricing strategies [19][32]. Summary by Relevant Sections Baijiu Pricing - Guizhou Moutai's wholesale prices for Feitian (case and single bottle) and Moutai 1935 are reported at 1600, 1580, and 630 yuan respectively, with changes of 0, -10, and -10 yuan compared to last month [35]. - Wuliangye's eighth-generation price is 830 yuan, reflecting a +10 yuan increase from the previous month [35]. - Luzhou Laojiao's Guojiao 1573 remains at 850 yuan, unchanged from last month [35]. Discount Trends - The average discount rate for condiments decreased from 87.1% to 85.0%, while liquid milk discounts fell from 62.8% to 61.4% [19][22]. - In contrast, discounts for beer, infant formula, and convenience foods remained stable, with beer discounts slightly increasing from 80.3% to 80.7% [20][22][32]. Company Ratings - The report lists several companies with an "Outperform" rating, including: - Guizhou Moutai - Wuliangye - Luzhou Laojiao - Qingdao Beer - China Feihe - Others [1].

价格回升的背后是终端需求持续火热。据悉，"i茅台"平台上，飞天茅台产品已连续20多天开售即"秒 空"，精品茅台、丙午马年生肖酒经典版等也持续售罄。 知名投资人段永平也公开支持茅台：拉长时间看茅台当前股价"真的不贵"。并表示，"一段时间内，茅 台的销售肯定是会受到房地产行业等因素影响，但长期来讲i茅台很可能解决了在哪里能买到真茅台的 问题，似乎打开了普通老百姓消费的口子。" 而这一现象的出现，除了春节消费旺季到来的催化，也离不开其市场化转型举措。 业绩层面来看，虽受市场环境影响，销量增速出现下滑，但贵州茅台整体仍保持正增长。2025年前三季 度，实现营业总收入1309.04亿元，同比增长6.32%；归母净利润646.26亿元，同比增长6.25%。 当前白酒行业仍处于深度调整期，存量竞争持续加剧。为应对此局面，贵州茅台推出了市场化运营方 案，对产品结构、渠道布局、消费者服务等提出转型要求。值得注意的是，其销售模型将由"自售+经 销"转向"自售+经销+代售+寄售"多维协同，并制定了"随行就市、相对平稳"的自营体系零售价格动态 调整机制。 1月29日午后，"老登"白酒板块全线大涨，泸州老窖、水井坊、舍得酒业、皇台酒业 ...

2026.01. 29 本文字数：1155，阅读时长大约2分钟 业内人士认为，贵州茅台等暴涨，接下来预计蓝筹股将会再次发力，因为稳定的业绩、较高的分红比 例，预计春节前其他高股息的"老登"股们将会出现轮动行情，包括银行、电力、医药等板块，投资 者都可以重点关注，抓紧春节前投资机会。 奶酪基金投资经理潘俊向第一财经分析， 1月29日白酒板块大幅上涨，催化来自地产预期改善与资 金面回暖，指数ETF成交量回落导致权重抛压缓解，同时批发价格延续回升、线下动销同比正增、回 款发货稳步推进，形成"以价换量"的积极信号，白酒行情持续性需跟踪春节前后价格能否继续回 升。 作者 | 第一财经 李隽 "白酒'老登'终于硬气一回！"看见1月29日下午贵州茅台（600519.SH）逆袭带领蓝筹股绝地反 击，其他白酒股集体涨停，有私募人士这样对第一财经说。 一度经历"九连阴"，累计连跌多个交易日之后，1月29日贵州茅台上涨8.61%，报收1437元，成交 263亿元，相比此前100亿元左右的单日成交大幅放量，收复了近半个月以来的失地；五粮液 （000858.SH）、泸州老窖（000568.SH）等多只白酒股放量涨停。 大盘在明显的风格 ...

Group 1 - The core viewpoint of the news highlights that 46 stocks were listed on the institutional trading leaderboard, with 20 stocks experiencing net buying and 26 stocks facing net selling [1] - The top three stocks with the highest net buying by institutions were Luzhou Laojiao (4.4 billion), Shengguang Group (196 million), and Jiahua Energy (195 million) [1] - Luzhou Laojiao saw a significant increase of 10% in its stock price, while Shengguang Group rose by 5.77% [2] Group 2 - The report indicates that seven institutions net bought 4.4 billion in Luzhou Laojiao, driven by the upcoming Spring Festival and rising prices of Feitian Moutai [3] - The report mentions a bullish trend in the oil and gas sector, with Brent crude oil prices surpassing 67 dollars, reaching a four-month high [3] - The news also references increased capital expenditure by major companies in AI, including Meta, Microsoft, and Tesla, alongside SoftBank's plan to invest an additional 30 billion dollars in OpenAI, indicating rising global confidence in AI commercialization [3]

Core Viewpoint - The article highlights significant trading activities in the stock market, particularly focusing on the performance of specific sectors and stocks, with a notable emphasis on the food and beverage sector, as well as the explosive growth of certain ETFs related to the liquor industry [1][5]. Group 1: Stock Market Performance - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 397.22 billion, with Zijin Mining and CATL leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2]. - The top ten stocks by trading volume included Zijin Mining at 47.69 billion, Guizhou Moutai at 39.74 billion, and China Ping An at 38.24 billion for the Shanghai market [3]. In the Shenzhen market, CATL topped with 41.59 billion, followed by Zhongji Xuchuang at 30.92 billion [4]. Group 2: Sector Performance - The food and beverage sector saw the highest net inflow of capital, amounting to 8.765 billion, with a net inflow rate of 10.12% [6]. Other sectors with significant inflows included cultural media and non-bank financials [6]. - Conversely, the electronics sector experienced the largest net outflow of capital, totaling -44.709 billion, with a net outflow rate of -8.95% [7]. Group 3: ETF Trading Activity - The top ETF by trading volume was the Gold ETF, with a transaction amount of 177.991 billion, reflecting a 48.80% increase from the previous trading day [12]. - The liquor ETF (512690) saw a remarkable 413% increase in trading volume, reaching 43.27 billion, indicating a strong market interest in liquor-related investments [13]. Group 4: Institutional and Retail Trading - Institutional trading was notably active, with Luzhou Laojiao seeing a 10% increase and five institutions buying 608 million [15]. The stock also faced selling pressure from two institutions amounting to 168 million [16]. - Retail trading showed significant activity in the non-ferrous metals sector, with Tongling Nonferrous Metals receiving substantial buying from both retail and institutional investors [18].

#白酒股爆发17股涨停#【#老登股或再次轮动#｜市场观察】"白酒'老登'终于硬气一回！"看见1月29日 下午贵州茅台（600519.SH）逆袭带领蓝筹股绝地反击，其他白酒股集体涨停，有私募人士这样对第一 财经说。 一度经历"九连阴"，累计连跌多个交易日之后，1月29日贵州茅台上涨8.61%，报收1437元，成交263亿 元，相比此前100亿元左右的单日成交大幅放量，收复了近半个月以来的失地；五粮液 （000858.SH）、泸州老窖（000568.SH）等多只白酒股放量涨停。 大盘在明显的风格切换当中继续放量上涨，沪深京三地成交逼近3.26万亿元，较28日增加2671亿元，重 上三万亿元大关，上证指数上涨0.16%，上证50上涨1.65%，而科创50下跌3.03%，市场出现了明显 的"跷跷板"效应。 业内人士认为，贵州茅台等暴涨，接下来预计蓝筹股将会再次发力，因为稳定的业绩、较高的分红比 例，预计春节前其他高股息的"老登"股们将会出现轮动行情，包括银行、电力、医药等板块，投资者都 可以重点关注，抓紧春节前投资机会。 ...

Core Viewpoint - The liquor sector, particularly the baijiu (Chinese liquor) segment, is experiencing a significant surge, with multiple stocks hitting their daily limit up due to consumer recovery expectations. Company Summaries - **Huangtai Liquor (000995.SZ)**: Latest stock price is 14.48 CNY with a daily increase of +10.03%. It is a regional liquor company in Gansu with a historical brand presence [1]. - **Jiu Gui Liquor (000799.SZ)**: Latest stock price is 56.85 CNY with a daily increase of +10.00%. It is known for its unique flavor profile and is a pioneer in the fragrant liquor category [2]. - **Jin Hui Liquor (603919.SH)**: Latest stock price is 21.54 CNY with a daily increase of +10.01%. It is a leading liquor company in Northwest China with two major brands [3]. - **Shui Jing Fang (600779.SH)**: Latest stock price is 41.99 CNY with a daily increase of +10.01%. It is a well-known high-end liquor brand in China [4]. - **Luzhou Laojiao (000568.SZ)**: Latest stock price is 124.23 CNY with a daily increase of +10.00%. It is recognized as the originator of the strong aroma liquor category [5]. - **Jin Zhong Zi Liquor (600199.SH)**: Latest stock price is 10.30 CNY with a daily increase of +10.04%. It focuses on promoting new fragrant liquor products in Anhui [6]. - **Shede Liquor (600702.SS)**: Latest stock price is 59.49 CNY with a daily increase of +10.00%. It is one of the "Six Flowers of Sichuan Liquor" and adheres to an old liquor strategy [7][8]. - **Gu Qing Gong Liquor (000596.SZ)**: Latest stock price is 138.58 CNY with a daily increase of +10.00%. It is one of China's eight famous liquors and a leader in Huizhou liquor [9]. - **Shanxi Fen Liquor (600809.SH)**: Latest stock price is 177.42 CNY with a daily increase of +10.00%. It is a leading clear aroma liquor brand with rapid national expansion [10]. - **Wuliangye (000858.SZ)**: Latest stock price is 110.77 CNY with a daily increase of +10.00%. It is a well-known brand representing high-end strong aroma liquor [11]. - **Jin Si Yuan (603369.SH)**: Latest stock price is 35.44 CNY with a daily increase of +9.99%. It is a quality liquor company in Jiangsu known for its unique product [12]. - **Lao Bai Gan Liquor (600559.SH)**: Latest stock price is 17.16 CNY with a daily increase of +10.00%. It is a leading liquor company in Hebei implementing a multi-flavor and multi-brand strategy [13]. - **Kou Zi Jiao (603589.SH)**: Latest stock price is 31.34 CNY with a daily increase of +10.00%. It is a core Huizhou liquor company emphasizing traditional brewing techniques [14]. - **Ying Jia Gong Liquor (603198.SH)**: Latest stock price is 42.63 CNY with a daily increase of +10.10%. It is a major representative of Huizhou liquor focusing on ecological brewing [15]. - **Tian You De Liquor (002646.SZ)**: Latest stock price is 9.81 CNY with a daily increase of +9.98%. It represents Qingke liquor with unique regional advantages [16].

1月29日，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%。沪深两市成交额3.23万亿，较上一个交易日放 量2646亿。盘面上，市场热点快速轮动，全市场超3500只个股下跌，88只股涨停。从板块来看，白酒（核心股）板块午后爆发，泸州老窖、五粮液、山西汾 酒水井坊、舍得酒业、皇台酒业、酒鬼酒涨停。有色金属（核心股）板块反复活跃，金属铜、贵金属（核心股）领涨，西部黄金7天4板，中国黄金5连板， 北方铜业2连板创历史新高。油气股延续强势，洲际油气7天5板，准油股份2连板，中曼石油4天3板。房地产板块震荡反弹，大悦城、三湘印象、我爱我家涨 停。下跌方面，芯片产业链下挫，美埃科技、京仪装备跌超9%。截至收盘，沪指涨0.16%，深成指跌0.3%，创业板指跌0.57%。 今日全市场（不含ST股、退市股）共83股涨停，连板股总数19只，34股封板未遂，封板率为71%。焦点股方面，贵金属（核心股）板块白银（核心股）有色 8连板、招金黄金9天6板、豫光金铅5连板、中国黄金5连板，油气股洲际油气7天5板，AI应用概念股天地在线9天5板。 一、板块异动 | | | | 金融界股灵通复盘( ...