BEIJING, March 13 (Xinhua) -- Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 1.2 percent to 3,268.7 points.

The Shenzhen Component Index closed 0.55 percent higher at 11,505.02 points.

The combined turnover of stocks covered by the two indices stood at 839.36 billion yuan (about 121 billion U.S. dollars), up from 807.6 billion yuan on the previous trading day.

Stocks in the telecom, petroleum, and petrochemical industries led the gains, while automobile makers and lithium battery providers suffered the most losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.56 percent to close at 2,357.07 points Monday.