South Sudan declares new cholera outbreak

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Juba, May 9 | South Sudan’s Ministry of Health has declared a cholera outbreak following the confirmation of eight cases in Rubkona county.

The Ministry said the move follows tests conducted by the National Public Health Laboratory in Juba that confirmed the outbreak, reports Xinhua news agency.

“Public is being urged not to panic but remain calm and observe all the precautionary measures to prevent community transmission and spread in populations with inadequate access to safe drinking water, poor personal hygiene, and inadequate access to improved sanitation facilities,” the Ministry said in a statement.

It said so far, a total of 31 cases including one death have been reported from Rubkona town and Bentiu IDP camp.

The Ministry said the confirmed cases presented with watery diarrhoea, vomiting, and dehydration and were admitted and managed at MSF Bentiu protection of civilians (PoC) hospital, noting that all cases have been discharged.

It reported a confirmed case of cholera from Bentiu IDP camp on April 14 and the latest is the first cholera case to be reported in South Sudan since the devastating cholera outbreak in 2017, affecting more than 28,000 people with 644 deaths.

The Ministry said following the confirmation of the initial case on April 14 it has with support from partners deployed a rapid response team from April 22 to 29 to investigate the causes and support the state-level response. And adequate supplies have also been deployed to support the investigation and treatment of cases in Rubkona county.

According to the ministry, the government with support from its partners conducted two rounds of oral cholera vaccination in Rubkona county in January and March, respectively.

Cholera risk is typically high during the rainy season that starts from May to the end of October.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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