E Fund (HK) CSI Liquor Index ETF (03189.HK) Defies Trend to Rise 1.64% to HKD 1.116

NewTimeSpace News: As of 10:45 on October 23, E Fund (HK) CSI Liquor Index ETF (03189.HK) stood at HKD 1.116, up 1.64%. The ETF opened at HKD 1.092, with the latest net asset value (NAV) at HKD 1.098, a premium of 0.01%, a 52-week high of HKD 1.648, a 52-week low of HKD 1.020, a turnover of approximately HKD 495,200, and assets under management of approximately HKD 83.99 million.

On the news front, the A-share market extended its weakness today, with the Shanghai Composite opening lower and over 5,000 stocks in the red. Former hot sectors such as telecommunications and semiconductors faced concentrated selling pressure. In this environment, established consumer blue chips like food and beverage proved relatively resilient, with the beverage sector turning positive and ranking among the top gainers, emerging as a safe haven amid high-low style rotation.

On the fundamentals front, the liquor sector is showing marginal improvement signals. On the channel side, distributors in multiple regions report inventory declines from prior levels, with some terminals compressed to 1-2 months. On the valuation side, as of end-September, the sector's PE ratio had fallen to a low decile of the past decade, and active fund allocation was also at historically low levels. However, holiday sales were generally lackluster, and the industry remains in a bottoming-out phase. The current rally is more a structural repair driven by safe-haven capital rotation rather than a confirmed trend reversal.

E Fund (HK) CSI Liquor Index ETF (03189.HK) closely tracks the CSI Liquor Index, with holdings spanning Kweichow Moutai, Wuliangye, Luzhou Laojiao, and other industry leaders. It serves as a concentrated tool to observe capital style rotations and valuation repair in the liquor sector.