BEIJING, March 29 (Xinhua) -- Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 3.20 percent, closing at 3,090.76. The Shenzhen Component Index closed 3.77 percent higher at 9,906.86.

File photos: VCG

The combined turnover of stocks on the two indices stood at 836.29 billion yuan (about 124.2 billion US dollars), surging from 663.7 billion yuan the previous trading day.

Most shares gained, with gainers outnumbering losers 1,328 to 108 on the Shanghai bourse, and 1,955 to 152 in Shenzhen.

Stocks from the financial industry and brewery industry were the strongest gainers. Both Northeast Securities Co. Ltd. and Xinjiang Yilite Industry Co. Ltd. increased by the daily limit of 10 percent to close at 10.18 yuan and 21.45 yuan per share, respectively.

The ChiNext Index, China's NASDAQ-style board, rose 4.10 percent to close at 1,693.55.