Moutai share price rises on market recovery

A recovery in domestic liquor consumption has helped China Kweichow Moutai Distillery Co outrank Diageo PLC - which owns brands including Johnnie Walker, to become the world's top liquor producer by market value based on Friday's closing share prices.

After a continuous surge in its stock, Moutai shares rose to 392.87 yuan ($56.7) on Friday, bringing its total value to 493.5 billion yuan, surpassing Diageo's 57.43 billion pounds ($71.23 billion).

Moutai's share price dropped 0.93 percent on Monday to close at 389.2 yuan.