E Fund Liquor(03189.HK) up 0.72%, Analysts: liquor clearing near end

NewTimeSpace News: As of 11:08 HKT on October 29, 2026, E Fund (HK) CSI Liquor Index ETF(03189.HK) rose 0.72% intraday to HK$1.122 on turnover of HK$19,800.

NewTimeSpace understands that E Fund (HK) CSI Liquor Index ETF(03189.HK), managed by E Fund Management (Hong Kong) Co., Limited, tracks the CSI Liquor Index, which covers A-share listed companies in the white liquor industry. As of 11:08 HKT on October 29, the ETF had assets of HK$85.36 million, a net asset value of HK$1.115 per unit and a board lot of 100 shares.

On the news front, data published by the National Bureau of Statistics showed that retail sales of consumer goods rose 1.1% year on year in September, with retail sales of tobacco and liquor up 13.8%. 

CITIC Securities said in a research note that the white liquor sector is in the late stage of a cyclical bottoming process and close to the end of its clearing phase, with bottoming signals visible in prices, inventory, channels and market expectations; for 2027, it expects supply and demand to reach a new equilibrium, with demand recovering modestly on policy support and a low base while supply contracts further, competition intensifies and share concentrates in leading distillers, and it sees the industry gradually entering a benign recovery over the longer term.