Focus on limiting losses than chasing large gains, CLSA cautions investors

The market will sour in July and September, CLSA said

Investors should focus on "limiting losses rather than chasing large gains" in the Year of the Pig, which will be a roller-coaster year for Hong Kong's stock market, according to brokerage CLSA.

The Year of the Pig, which symbolises hard work and affection, will be upset by "small quarrels and pesky spirits", CSLA said on Wednesday in its annual Feng Shui Index, a tongue-in-cheek financial forecast.

Hong Kong's benchmark Hang Seng Index will dip in the Lunar New Year, which begins on Feb. 5, before "yin metal" and "yang fire" heat up sentiments in May and June, it said.

The market will sour