. 2021 Dec 18;15:e01076. doi: 10.1016/j.sciaf.2021.e01076

Table 3.

Descriptive statistic on stock return data distribution.

Statistics	Period I: Pre-Epidemic sample				Period II: Epidemic sample				Period III: Pandemic sample
Statistics	Mean	StDev	Min.	Max	Mean	StDev	Min.	Max	Mean	StDev	Min.	Max
Cote d'Ivoire	−0.0005	0.0076	−0.0484	0.0343	0.0004	0.0109	−0.0237	0.0348	−0.0004	0.0095	−0.0440	0.0629
Egypt	0.0003	0.0479	−1.1651	1.1639	−0.0041	0.0260	−0.0981	0.0575	0.0006	0.0101	−0.0356	0.0449
Ghana	−0.0001	0.0088	−0.1611	0.1626	0.0003	0.0092	−0.0268	0.0330	−0.0003	0.0101	−0.0398	0.0859
Kenya	−0.0005	0.0066	−0.0452	0.0336	−0.0017	0.0077	−0.0306	0.0132	−0.0009	0.0092	−0.0514	0.0212
Morocco	0.0002	0.0058	−0.0220	0.0330	−0.0013	0.0107	−0.0599	0.0184	0.0001	0.0119	−0.0923	0.0352
Namibia	0.0016	0.0498	−0.7833	1.5558	0.0011	0.0001	0.0011	0.0011	0.0009	0.0001	0.0000	0.0011
Nigeria	−0.0002	0.1303	−3.2822	3.2845	−0.0014	0.0119	−0.0503	0.0348	0.0025	0.0107	−0.0379	0.0605
Senegal	0.0013	0.1339	−2.3026	4.1046	0.0018	0.0352	−0.0749	0.0896	−0.0002	0.0253	−0.0779	0.0723
South Africa	0.0001	0.0173	−0.1006	0.0848	0.0009	0.0116	−0.0249	0.0294	−0.0004	0.0254	−0.0923	0.0753
Tunisia	0.0002	0.0046	−0.0448	0.0268	−0.0002	0.0044	−0.0148	0.0111	−0.0001	0.0067	−0.0418	0.0189
Uganda	−0.0001	0.0181	−0.3027	0.1685	−0.0009	0.0104	−0.0501	0.0232	−0.0011	0.0120	−0.0572	0.0301
Zambia	−0.0003	0.2707	−4.8432	4.8432	−0.0001	0.0009	−0.0033	0.0033	−0.0004	0.0040	−0.0178	0.0184
Africa	0.0002	0.0974	−4.8432	4.8432	−0.0004	0.0150	−0.0981	0.0896	0.0000	0.0133	−0.0923	0.0858

Note: The return series is measures as: $s p r_{t} = \log (s p i_{t} / s p i_{t} (- 1))$ where spi denote stock price index. In addition Min & Max implies minimum and maximum statistics while StdDev represent standard deviation.