*Last week, Argentine ADRs had a weekly average decrease of 4.5%* Link to report: https://tinyurl.com/021025025AdcapWeeklyEqy The Argentine stocks that posted the weakest weekly figures were Bioceres (BIOX), IRSA (IRS) and Pampa Energía (PAM) with decreases of 19.0%, 11.5% and 9.8%, respectively. On the contrary, the companies with the strongest weekly performance were Mercado Libre (MELI), Globant (GLOB) and Loma Negra (LOMA) with decreases of 3.9%, 1.9% and 0.1%, respectively. The weakest sector was Farming with an average decrease of 8.8%, while the strongest sector was Tech with a 0.5% increase. Argentine ADRs are now 16.2% below their five-year highs from mid-January 2025. Year-to-date, Mercado Libre (MELI), BBVA Argentina (BBAR) and Corporación América (CAAP) continue leading the performance with gains of 17.4%, 10.5% and 4.3%, respectively. In contrast, IRSA (IRS), YPF and Edenor (EDN) lagged behind declining 12.3%, 11.1% and 10.5%, respectively. The mean performance of listed ADRs shows a monthly decrease of 10.2%. In comparison, the DJI, the S&P 500 and the Nasdaq 100 increased by 4.2%, 2.0% and 0.2%. Blue-Chip FX (CCL) rate closed at 1,203 AR$/US$. For the week, the top gainers (in dollars) were: *Leader panel + others:* MELI (+4% in USD), GLOB (+2%) and LOMA (0%). *General panel:* GARO (+37), DOME (+2%) and RIGO (+1%). *CEDEARs*: PLTR (+38%), SATL (+35%) and PINS (+17%). *Indices*: DJI (-0.6%), SPX (-0.2%), and CCMP (-0.5%). Meanwhile, Merval (-5.8%) and EWZ (+1.0%). More on this report: Weekly flows, equity volumes, valuation multiples table for Argentina's Leader Panel and General Panel companies, a banking sector's comparison table, *Transener's Initiation of Coverage summary and a 4Q24 Earnings Calendar.* To continue reading, please find this report attached.