*Last week, Argentine ADRs had a weekly average decrease of 5.3%* See report here: https://tinyurl.com/06022025AdcapEquityWeekly The Argentine stocks that posted the weakest weekly figures were Grupo Supervielle (SUPV), Banco Macro (BMA) and Transportadora de Gas del Sur (TGS) with decreases of 17.1%, 10.4% and 9.6%, respectively. On the contrary, the companies with the strongest weekly performance were Bioceres (BIOX), Mercado Libre (MELI) and Vista Energy (VIST) with increases of 5.4% and 2.2% and, a decrease of 0.5%, respectively. The strongest sector was Farming with an average increase of 0.5% while the weakest sector was Banks with a 11.1% decrease. Argentine ADRs are now 21% below their five-year highs from mid-January 2025. *In May,* the best-performing Argentine ADRs were Central Puerto (CEPU), YPF and Bioceres (BIOX) with increases of 23.8%, 18.7% and 14.8%, respectively. On the flip side, the least performing stocks were Globant (GLOB), Grupo Supervielle (SUPV) and Geopark (GPRK) decreasing 16.6%, 13.2% and 6.5%, respectively. Year-to-date, Mercado Libre (MELI), Corporación América (CAAP) and Loma Negra (LOMA) are leading the performance with gains of 50.7%, 10.4% and 6.1%, respectively. In contrast, Globant (GLOB), Edenor (EDN) and Telecom Argentina (TEO) lagged behind declining 54.3%, 23.0% and 22.6%, respectively. The mean performance of listed ADRs shows a monthly increase of 6.0%. In comparison, the DJI, the S&P 500 and the Nasdaq 100 increased by 2.3%, 4.0% and 6.3%. Blue-Chip FX (CCL) rate closed at 1,207.1 AR$/US$ (+3.9% w/w). For the week, the top gainers (in dollars) were: *On the leader panel + others:* TRAN (+3%), VALO (+2%) and MELI (+2%). *From the general panel:* ROSE (+30%), GRIM (+15%) and CARC (+2%). *Among CEDEARs:* ETSY (+16%), XROX (+8%) and KB (+7%). *Index:* DJI (+1.6%), SPX (+1.9%) and CCMP (+2.0%). More on this report: Weekly flows, equity volumes, 1Q25 valuation multiples with Latam Peers comparison, and BMA, GGAL and SUPV's 1Q25 results.