BEIJING, June 18 (Xinhua) -- Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.04 percent to 3,388.81 points.

The Shenzhen Component Index closed 0.24 percent higher at 10,175.59 points.

The combined turnover of these two indices stood at over 1.19 trillion yuan (about 165.8 billion U.S. dollars), down from 1.21 trillion yuan on the previous trading day.

Shares in the computing power hardware and banking sectors led the gains, while those related to rare earth permanent magnet and the "Guzi economy" were among the biggest losers.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.23 percent to close at 2,054.73 points on Wednesday. ■