Table 5.
The sectoral return spillover effect before and during the COVID-19 pandemic.
| Before COVID-19 |
During COVID-19 |
|||||
|---|---|---|---|---|---|---|
| TO | FROM | NET | TO | FROM | NET | |
| Real Estate | 44.46 | 61.53 | −17.08 | 73.24 | 82.61 | −9.37 |
| Rubber | 42.5 | 56.37 | −13.86 | 73.75 | 82.76 | −9.01 |
| Securities | 96.19 | 77.4 | 18.79 | 97.47 | 85.48 | 11.99 |
| Technology | 86.36 | 71.95 | 14.41 | 103.56 | 85.05 | 18.51 |
| Oil & Gas | 80.97 | 75.28 | 5.69 | 85.5 | 84.42 | 1.08 |
| Services | 27.79 | 41.6 | −13.81 | 44.68 | 70.72 | −26.04 |
| Development Investment | 49.04 | 57.3 | −8.26 | 102.58 | 85.31 | 17.26 |
| Construction Investment | 42.39 | 51.99 | −9.6 | 52.89 | 73.18 | −20.28 |
| Pharmaceutical | 50.21 | 59.17 | −8.96 | 62 | 78.49 | −16.49 |
| Public Service | 16.48 | 28.36 | −11.88 | 29.24 | 63.51 | −34.26 |
| Education | 8.48 | 21.72 | −13.24 | 10.87 | 38.06 | −27.19 |
| Aviation | 54.35 | 65.49 | −11.14 | 46.2 | 75.85 | −29.65 |
| Mineral | 43.1 | 54.11 | −11 | 64.48 | 76.53 | −12.05 |
| Energy | 41.4 | 55.68 | −14.28 | 84.06 | 83.93 | 0.13 |
| Banking | 124.17 | 78.37 | 45.79 | 107.54 | 84.19 | 23.35 |
| Plastic | 63.02 | 70.09 | −7.07 | 90.19 | 85.37 | 4.82 |
| Fertilizer | 55.22 | 66.01 | −10.79 | 65.9 | 78.99 | −13.09 |
| Business | 70.65 | 66.94 | 3.71 | 122.89 | 87.35 | 35.53 |
| Steel | 91.49 | 75.8 | 15.69 | 91.72 | 84.9 | 6.82 |
| Food | 75.89 | 68.71 | 7.18 | 96.84 | 83.78 | 13.06 |
| Trade | 85.9 | 71.88 | 14.02 | 105.11 | 85.0 | 20.11 |
| Aquaculture | 57.88 | 64.55 | −6.67 | 88.54 | 83.02 | 5.52 |
| Transportation | 77.95 | 68.29 | 9.66 | 108.6 | 85.42 | 23.18 |
| Building Materials | 99.92 | 77.2 | 22.72 | 102.21 | 86.14 | 16.07 |
| Total spillover index | 61.91 % | 79.59 % | ||||