The All-Share Index (ASI) gained 1,303.04 points or 2.9 per cent to close at 46,232.37, compared with 44,929.33 on Tuesday, making it the highest since October 17.
The weak performance was as a result of continuous sell-offs in some large and medium stocks.
The All-Share Index advanced by 52.52 points or 0.11 per cent to close at 49,652.25 against 49,644.92 achieved on Wednesday.
The market closed negative with 24 laggards relative to 14 gainers.
The market capitalisation shed N39.64 billion to close at N25.442 trillion compared with N25.463 trillion posted on Tuesday.
Fidelity Bank was the most active stock during the day, exchanging 24.85 million shares valued at N71.19 million.
Specifically, the All-Share Index, which opened at 41,685.22 inched higher by 199.75 points or 0.47 per cent to close at 41,882.97.
In all, investors bought and sold 241.84 million shares worth N2.71 billion achieved in 3,819 deals.
However, the total volume of trades decreased by 12.8 per cent to 158.37 million shares valued at N2.24 billion exchanged in 3,330 deals.
