Retail, travel and alcohol stocks surge as Chinese keep spending
Consumption relation stocks became more bullish today with travel, liquor and retail shares the most active.
Following the performance of Beijing Xidan Market yesterday, more listed department stores and shopping centres surged today.
Reuters yesterday reported that a poll of 34 economists predicted that retail sales in May will have increased by 14.9 percent year-on-year in May, slightly higher than the 14.8 in April.
Oriental Ginza Holdings Limited（HK:0996）surged 22.35 percent. Baoji Department Store(Group) Co. (SZ:000796) surged to the 10 percent trading cap. Kunming Sinobright (Group) Co. (SZ:000560) advanced 6.98 percent, Dashang Group Co.(SH:600694) added 6.06 percent, Guangzhou Grandbuy Co.,(SZ:002187) climbed 5.88 percent, Xi'an Minsheng Group Co. (SZ:000564) gained 5.91 percent.
Mainland listed travel shares added 3.3 percent on average.
Shenzhen Overseas Chinese Town Holding Company (SZ:000069) and Hainan Haide Industry Co. (SZ:000567)surged to the 10 percent trading cap. Dalian Sun Asia Tourism Holding Co. (SH:600593) climbed 8.78 percent，China CYTS Tours Holding Co., (SH:600138) added 4.22 percent. Shangri-La Asia (HK:0069) climbed 1.62 percent.
Alcohol shares also made gains.
Jiugui Liquor Co.（SZ:000799）surged to the 10 percent upper trading limit. Sichuan Swellfun Co.（SH:600779）advanced 7.61 percent. Wuliangye Yibin Co.（SZ:000858）added 3.64 percent, Kweichow Moutai Co.（SH:600519）climbed 2.85 percent. Tsingtao Brewery Co. (SH:600600) added 4.48 percent. Kingway Brewery Holdings ( HK:0124) soared 21.85 percent.
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