Moutai ends high, boosts  sentiment 
2019-06-28
Shanghai stocks rose yesterday as market sentiment was lifted by positive economic data. The Shanghai Composite Index gained 0.69 percent to close at 2,996.79 points.
Shares of consumer enterprises, telecommunications firms and electronics manufacturing enterprises were among the biggest gainers yesterday.
It is noteworthy that shares of Kweichow Moutai, China’s leading liquor brand, surged to a new high yesterday ahead of the company’s cash dividend payout today.
The company’s shares, which opened at 985 yuan (US$143) per share, surged to a historic high of 1,001 yuan in the morning session but closed at 996.35 yuan, the company’s highest closing price.
Kweichow Moutai currently has the highest stock price on China’s A-share market. 
