FRANKFURT (dpa-AFX) - Following a share placement, Evonik shares fell by up to 4.7 percent to €19.735 on Thursday morning. At the 21-day line, however, buyers came back on the scene and the loss melted away to 3.5 percent.

The RAG-Stiftung used the previous day's high of over a year to reduce its stake in the chemical group to below 50 percent. According to the Bloomberg news agency, a block of shares corresponding to a stake of around 4.9 percent would be offered at between 20.71 and 19.99 euros. According to Borsians, investors then apparently struck at the lower end of the range./ag/jha/