KUALA LUMPUR (Oct 21): Shares of Jerasia Capital Bhd fell 3.62% this morning following a query by the stock exchange regulator after the company's shares rose sharply by 18 sen or 35.2% over the past two days.

At 9.33am, Jerasia fell 2.5 sen to 66.5 sen with 768,700 shares traded.

At closing bell, shares in the fashion apparel and accessories retailer closed at its six-month high of 69 sen, gaining 1.5 sen or 2.22%, with 1.14 million shares exchanging hands.

Bursa Malaysia queried Jerasia over the unusual market activity (UMA) and requested the company to explain the possible reason that could have contributed to the sharp rise.

"We draw your attention to the sharp rise in price of your company's shares recently," the UMA query read, requesting the company to disclose any corporate development, rumour or report, or other possible explanation that could account for the trading activity.