*Last week, Argentine ADRs had a weekly average increase of 1.7%* See report here: https://tinyurl.com/05262025AdcapEquityWeekly The Argentine stocks that posted the with the strongest weekly figures were Loma Negra (LOMA), Edenor (EDN) and Cresud (CRESY) with increases of 12.6%, 6.7% and 5.4%, respectively. On the contrary, the companies with the weakest weekly performance were Telecom Argentina (TEO), Mercado Libre (MELI) and Corporación América (CAAP) with a decrease of 3.3%, 3.0% and 1.3% respectively. The strongest sector was Industrial and Real Estate with an average increase of 7.8% while the weakest sector was Tech with a 2.4% decrease. Argentine ADRs are now 17% below their five-year highs from mid-January 2025. Year-to-date, Mercado Libre (MELI), Loma Negra (LOMA) and BBVA Argentina (BBAR) are leading the performance with gains of 47.5%, 15.4% and 13.6%, respectively. In contrast, Globant (GLOB), Bioceres (BIOX) and Telecom Argentina (TEO) lagged behind declining 53.1%, 23.8% and 15.9%, respectively. The mean performance of listed ADRs shows a monthly increase of 6.6%. In comparison, the DJI, the S&P 500 and the Nasdaq 100 increased by 3.7%, 5.0% and 7.8%. Blue-Chip FX (CCL) rate closed at 1,161.5 AR$/US$ (-1% w/w). For the week, the top gainers (in dollars) were: *On the leader panel + others:* LOMA (+13%), ALUA (+9%) and BHIP (+7%). *From the general panel:* GBAN (+9%), MORI (+8%) and HARG (+7%). *Among CEDEARs:* AAP (+37%), X (+30%) and URBN (+15%). *Index:* DJI (-2.5%), SPX (-2.6%) and CCMP (-2.5%). More on this report: Weekly flows, equity volumes, updated valuation multiples with Latam Peers comparison, *BMA 1Q25 Preview, a report on IRSA's Ramblas del Plata project* and 1Q25 Earnings Calendar.