Heady days for liquor shares

Overseas investors take a shine to baijiu makers as sales-surge promises profits

Shares of listed Chinese liquor firms surged in the first trading week after the Spring Festival holiday, bolstered by heavy sales of alcoholic beverages during the vacation, which raised hopes of fat profits, and extended overseas investors' interest.

Shares of Wuliangye, which is based in Yibin of Sichuan province, rose almost 6 percent to 64.7 yuan ($9.6) on Feb 11, when China's stock markets reopened for trading after the weeklong holiday.