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Table 1 Descriptive statistics for level variables

From: Reaction of stock market returns to COVID-19 pandemic and lockdown policy: evidence from Nigerian firms stock returns

Variables

Obs

Mean

Std.Dev

Min

Max

p1

p99

Skew

Kurt

stockm

21,909

48.373

463.433

0.066

10,000.000

0.111

552.200

14.557

227.155

ncovidtc

21,909

11,030.52

13,002.91

1.000

41,804.000

1.000

41,180.000

0.969

2.555

ncovidtd

21,909

265.174

285.898

0.000

868.000

0.000

860.000

0.728

2.100

wcovidtc

21,909

5,520,000

4,790,000

83,381

1.67e + 07

89,147.000

1.65e + 07

0.694

2.370

wcovidtd

21,909

288,000

209,000

2857.000

660,143.000

3046.000

653,883

0.055

1.706

stigind

21,909

67.319

23.513

11.110

85.650

11.110

85.650

−1.643

4.218

exr

21,909

383.837

8.348

363.47

391.640

364.550

390.57

−1.486

3.556

  1. stockm, ncovidtc, ncovidtd, wcovidtc, wcovidtd, stigind and exr are share price of firms, number of the COVID-19 confirmed cases in Nigeria, number of COVID-19 confirmed deaths in Nigeria, number of the COVID-19 confirmed cases in the World, number of COVID-19 confirmed deaths in the World. stringency index (proxy for lockdown) and exchange rate, respectively