The Effects of COVID-19 on Stock Market Performance: Evidence from Dar Es Salaam Stock Exchange
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Open Access | Fully Refereed | Peer Reviewed International Journal

ISSN: 2319-7064



Downloads: 160

Research Paper | Finance | Tanzania | Volume 9 Issue 10, October 2020

The Effects of COVID-19 on Stock Market Performance: Evidence from Dar Es Salaam Stock Exchange

Dr. Samwel Marwa Werema

This article examines the Impact of COVID-19 on Stock Market Performance: Evidence from Dar Es Salaam Stock Exchange. Using conventional t-tests and nonparametric Mann–Whitney tests, we empirically analyze daily return data from Dar Es Salaam Stock Exchange (DSE). The study uses an event study methodology that employs sales turnover measures of operating performance where an analysis of the companies that listed in DSE for the period from March – July 2020 is used. The consequences of infectious disease are considerable and have been directly affecting stock market in Tanzania. Our results indicate that the stock market in Tanzania fell quickly after the virus outbreak. There is a significant decline in daily return in the four months following the announcement of the Outbreak of COVID-19 in Tanzania, that is, March – July 2020. The study contributes to the literature in at least two important ways: First, we contribute to the studies which have examined the stock market response to different disasters and crises. Second, we contribute to the recently emerging literature which examines the impact of COVID-19 on financial markets.

Keywords: COVID-19, coronavirus disease, stock market performance

Edition: Volume 9 Issue 10, October 2020

Pages: 990 - 996

Share this Article

How to Cite this Article?

Dr. Samwel Marwa Werema, "The Effects of COVID-19 on Stock Market Performance: Evidence from Dar Es Salaam Stock Exchange", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=SR201014142858, Volume 9 Issue 10, October 2020, 990 - 996

Enter Your Email Address and Click Download Button





Similar Articles with Keyword 'COVID-19'

Downloads: 0

Research Paper, Finance, India, Volume 10 Issue 7, July 2021

Pages: 831 - 841

Essence of Green Finance in Driving Economic Sustainability and Adoption of Green Initiatives to Restore Ecological Sustainability - The Way Towards Green Recovery

Somrita Dey, Ayan Banerjee

Share this Article

Downloads: 2 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper, Finance, India, Volume 10 Issue 5, May 2021

Pages: 863 - 872

An Analysis of Gaming Industry in India

Kushal Dey

Share this Article

Downloads: 3 | Weekly Hits: ⮙3 | Monthly Hits: ⮙3

Research Paper, Finance, India, Volume 10 Issue 7, July 2021

Pages: 197 - 201

Franklin Templeton India Predicament: A Case Study

Mridu

Share this Article

Downloads: 10

Research Paper, Finance, India, Volume 10 Issue 4, April 2021

Pages: 696 - 704

Impact of COVID-19 on Stocks - An Empirical Evidence from Vaccine - Developing Pharmaceutical Companies in India and the USA

Rahul Kotecha

Share this Article

Downloads: 160

Research Paper, Finance, Tanzania, Volume 9 Issue 10, October 2020

Pages: 990 - 996

The Effects of COVID-19 on Stock Market Performance: Evidence from Dar Es Salaam Stock Exchange

Dr. Samwel Marwa Werema

Share this Article



Top