The mortgage insurer was one of only two MIEC members which closed higher than they did on Friday, the other being Fidelity National Financial. FNF gained 0.3%.
The majority of MIEC stocks were caught in yet another stock market sell-off by investors concerned by overseas emerging markets.
Even though early in the trading day OceanFirst Financial spiked up to a 52-week at $19.47 per share, it ended the day with the biggest percentage loss among MIEC members. It closed down nearly 3.6% from Friday (where it was the only MIEC stock to post a gain) to $17.49 per share.
KB Home was downgraded during the day to underweight by Barclays. That was the contributing factor to the 2.7% day-to-day stock price loss with the homebuilder’s trading volume more than double the average.