VCSC Daily - VN-Index drops to five-week low

* BWE: Strong earnings growth in August — in line with expectation

* HPG: Upbeat 8M 2022 sales volume — in line with our expectation

* Market wrap: VN-Index drops to five-week low

----------------------------------------

Market wrap: VN-Index drops to five-week low

The VN-Index endured an up-and-down session on Thursday before ultimately dropping in the final hour of trading to close down by seven-tenths of a percent and hit a five-week low as the banking sector experienced heavy losses.

* Banks continued to struggle, including VCB (-2.5%), BID (-2.9%), CTG (-1.8%), VIB (-3.8%), SHB (-4.4%) and LPB (-5.5%).

* HVN (-6.8%) plunged to the daily trading floor. Meanwhile, fellow airline VJC (+1.0%) ended a four-session losing streak.

* Food & beverage players MSN (+2.7%) and SAB (+2.0%) were the day’s top two contributing gainers.

* Real estate developer NVL (+1.4%) increased for the third consecutive day.