"Old Deng Stock," surging against the trend!

MaticHoleFiller · 2026-03-18T22:50:01+00:00

On March 16, the A-share liquor sector rose against the overall market trend, with well-known brands like Kweichow Moutai performing outstandingly. The agriculture and storage chip sectors also strengthened, with data showing steady recovery in the consumption sector. Analysts believe the liquor industry has bottomed out, with signs of improving market sentiment.

MaticHoleFiller

2026-03-18 22:50:01

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【Introduction】The three major A-share indices fluctuate differently, with Baijiu, agriculture, and storage chips defying the trend and gaining strength, while precious metals lead the decline.

China Fund Reporter Zhang Zhou

Hello everyone! A new week begins—let’s stay updated on the latest market trends and news~

On the morning of March 16, the three major A-share indices showed mixed movements.

From a market structure perspective, the Baijiu sector rose against the trend, with investors saying “Lao Deng is back.” Agriculture and storage chips led the gains; meanwhile, precious metals, steel, and energy metals saw the largest declines.

By midday, the Shanghai Composite Index was at 4,066.4 points, down 0.71%; Shenzhen Component Index fell 0.7%, ChiNext rose 0.18%, and the STAR Market Composite Index dropped 0.98%.

The combined trading volume of Shanghai and Shenzhen markets in the first half of the day was 1.51 trillion yuan, an increase of 20 billion yuan compared to the previous trading day. Only 1,898 stocks rose, with 38 hitting the daily limit; a total of 3,403 stocks declined.

Hong Kong stocks rebounded after falling. As of the report, the Hang Seng Index rose 0.84%, Hang Seng Tech gained 1.58%, and Hang Seng Biotech increased 1.76%. Notable stocks included BYD, CATL, which rose over 5%, as well as JD Health, Xiaomi Group, Meituan, and Mengniu Dairy, all climbing.

Let’s look at the details—

“Lao Deng is back!”

Baijiu Sector Rises Against the Trend

On the morning of March 16, the overall A-share market retreated, but the Baijiu sector defied the trend and advanced.

The trillion-dollar giant Kweichow Moutai rose 2.75%, currently trading at 1,452.46 yuan per share, with a market value of 1.8189 trillion yuan.

Recent market reports indicate that Kweichow Moutai has implemented a consignment policy for aged Moutai (15 years), premium Moutai, zodiac wines (classic and gift box editions), and all series of Gu Yue Feitian and 53-degree Feitian Moutai in small capacities (1000mL/200mL/100mL/50mL). Market analysts believe that the rollout of consignment policies for several core non-standard and small-capacity products marks a key step in its market-oriented transformation.

Wuliangye, Yanghe, and Jinshui all rose over 1%, Huangtai Liquor increased over 6%, Jinhui Liquor and Jiugui Liquor gained over 3%, Shede Spirits and Jinzhi Liquor rose over 2%.

On March 16, the National Bureau of Statistics released data on the national economic operation for January–February 2026, showing steady recovery in consumption. During this period, total retail sales of consumer goods increased by 2.8% year-on-year. Excluding automobiles, retail sales grew by 3.7%.

Guotai Haitong Consumer Team analysts believe that the Baijiu industry has entered the bottom of this cycle, with signs of channel sentiment recovery. Improvements in market conditions, rising wholesale prices, inventory digestion, and macro policies are strongly catalyzing stock prices.

Agriculture, Forestry, Animal Husbandry, and Fishery Sector Rises Volatility

In the morning, the agriculture sector strengthened, with concept stocks leading gains.

Agricultural Development Seed Industry hit the daily limit, Kangnong Seed Industry rose nearly 10%, and China Water Fisheries increased over 8%.

Recently, pig prices have continued to decline, with policy measures tightening capacity controls. The National Development and Reform Commission and the Ministry of Agriculture recently held a special meeting, explicitly aiming to reduce the breeding sow inventory target to around 36.5 million.

Shanxi Securities noted that this year might see the third significant capacity reduction since 2021, with the fundamentals and valuations of the pig farming industry expected to recover.

Storage Chip Sector Performs Actively

A-shares storage chip sector fluctuated upward.

Langke Technology hit the 20-centimeter daily limit, Taiji Industrial reached the 10-centimeter limit, Beiwei Storage rose nearly 9%, GigaDevice increased over 4%, Jiangbolong rose nearly 4%, and Demingli, Beijing Junzheng, and Hengshuo all gained.

Donghai Securities pointed out that storage prices continue to rise, spreading from storage and consumer electronics to power and analog semiconductors. Currently, geopolitical tensions are high, with U.S. policies remaining strict in some technology-intensive fields. Short-term reliance on imports has increased costs, but long-term domestic semiconductor development is expected to accelerate further.

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