The market capitalisation gained N1.82 trillion or 93 per cent to close at N48.139 trillion, as against N46.316 trillion posted on Monday.
Also, the All-Share Index (ASI) gained 283.27 points or 0.55 per cent to settle at 51,729.87 against N51,446.60 recorded Tuesday.
The market capitalisation gained N256 billion to close at N28.155 trillion, compared with N27.899 trillion on Friday.
Gains were driven by price appreciation in tier-one banks and largely capitalised stocks.
The primary drivers of the recovery were gains in stocks of Zenith Bank, Guaranty Trust Holding Company and MTN Nigeria.
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 market breadth was positive as 17 stocks declined relative to 14 gainers.
The downturn was impacted by losses recorded in Royal Exchange Assurance, Academy Press, and other stocks.
Similarly, the market capitalisation declined by 0.02 per cent to N25,52 trillion from N25,53 trillion, making a decrease of N1 billion.
The sustained bullish market sentiment were recorded by 21 companies, while 21 also had losses.
