Stock Market Reaction to the Announcement of the COVID-19 Lockdown: Evidence from Healthcare Companies in Malaysia

Table 3

Statistical results on the full sample.

Event no.	Obs.	Coef.	value	Min	Max	Std. D	CAR>0	CAR<0
1	12	−0.1282	−2.473	−0.376	0.088	0.145	3	9
2	12	0.0938	3.393	−0.104	0.278	0.097	11	1
3	12	0.0556	3.687	−0.005	0.111	0.039	11	1
4	12	0.0428	0.777	−0.016	0.188	0.069	8	4

Significant at the 10% level. Significant at the 5% level. Significant at the 1% level.