*Last week, Argentine ADRs had a weekly average decrease of 2.1%* See report here: https://tinyurl.com/06162025AdcapEquityWeekly The Argentine stocks that posted the weakest weekly figures were Bioceres (BIOX), Edenor (EDN) and IRSA (IRS) with decreases of 13.3%, 8.4% and 7.2%, respectively. On the contrary, the companies with the strongest weekly performance were Geopark (GPRK), Vista Energy (VIST) and YPF (YPF) with increases of 10.7%, 6.1% and 5.9%, respectively. The strongest sector was Oil and Gas with an average increase of 5.7% while the weakest sector was Industrial and Real Estate with a 5.7% decrease. Argentine ADRs are now 23% below their five-year highs from mid-January 2025. Year-to-date, Mercado Libre (MELI), Corporación América (CAAP) and Adecoagro (AGRO) are leading the performance with gains of 39.5%, 5.4% and a decline of 1.5%, respectively. In contrast, Globant (GLOB), Edenor (EDN) and Bioceres (BIOX) lagged behind declining 56.1%, 32.2% and 28.0%, respectively. The mean performance of listed ADRs shows a monthly decrease of 7.7%. In comparison, the DJI decreased by 1.1%, while the S&P 500 and the Nasdaq 100 increased by 3.7%, 6.0% and 8.9%. Blue-Chip FX (CCL) rate closed at 1,195.5 AR$/US$ (-0.2% w/w). For the week, the top gainers (in dollars) were: *On the leader panel + others:* GPRK (+11%), TRAN (+9%) and VIST (+6%). *From the general panel:* GAMI (+8%), GRIM (+8%) and POLL (+7%). *Among CEDEARs*: ORCL (+24%), PBR (+12%) and HAL (+12%). *Index*: DJI (-1.3%), SPX (-0.4%) and CCMP (-0.6%).