PRSI Puerto Rico Stock Index

On the local front, the Government Development Bank's Puerto Rico Stock Index (PRSI) was able to finish on positive ground last week despite an overall sluggish performance by the stateside financial sector. For the week, the PRSI added 40.62, or 3%, to close at 1,394.54. Leading the list of gainers last week was Popular Inc., which gained 9¢, or 5%, to close at $1.89 after reporting net income of $48.4 million for the first quarter of this year. It was followed by Oriental Financial Group, which rose 26¢, or 2.36%, to close at $11.27 after B. Riley & Co. analyst Joe Gladue upgraded its credit rating to "buy" from "neutral." Triple-S Management Corp. edged up 25¢, or 1.18%, to close at $21.46. Last week's sole nongainer was Doral Financial Corp., which erased 3¢, or 1.73%, to close at $1.70.