*Last week, Argentine ADRs had a weekly average decrease of 1.0%* *Link to report*: https://tinyurl.com/02172025AdcapWkEq The Argentine stocks that posted the weakest weekly figures were Bioceres (BIOX), Grupo Financiero Galicia (GGAL) and Cresud (CRESY) with decreases of 10.6%, 7.5% and 5.8%, respectively. On the contrary, the companies with the strongest weekly performance were IRSA (IRS), Mercado Libre (MELI) and Geopark (GPRK) with increases of 9.0%, 5.7% and 3.8%, respectively. The weakest sector was Farming with an average decrease of 5.0%, while the strongest sector was Industrial and Real Estate with a 3.2% increase. Argentine ADRs are now 18.1% below their five-year highs from mid-January 2025. Year-to-date, Mercado Libre (MELI), BBVA Argentina (BBAR) and Globant (GLOB) continue leading the performance with gains of 24.1%, 6.3% and 4.7%, respectively. In contrast, Bioceres (BIOX), YPF and Telecom Argentina (TEO) lagged behind declining 18.4%, 12.4% and 11.9%, respectively. The mean performance of listed ADRs shows a monthly decrease of 8.1%. In comparison, the DJI, the S&P 500 and the Nasdaq 100 increased by 4.8%, 4.7% and 5.2%. Blue-Chip FX (CCL) rate closed at 1,209 AR$/US$. For the week, the top gainers (in dollars) were: *On the leader panel + others:* METR (+13% in USD), IRSA (+6%) and TGNO4 (+5%). *From the general panel:* CGPA2 (+13%), AUSO (+12%) and GBAN (+6%). *Among CEDEARs*: PBI (+24%), CVS (+21%) and INTC (+21%). *Indices*: DJI (+0.5%), SPX (+1.5%), and CCMP (+2.6%). Meanwhile, Merval (-1.2%) and EWZ (+4.1%). 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, *LOMA, SUPV and GGAL 4Q24 Preview, Metrogas Peer Comparison and a 4Q24 Earnings Calendar*. To continue reading, please find this report attached. If you have any questions, please let us know.