(Yicai Global) May 28 -- China's mainland stock markets closed higher today, recovering from an afternoon dip, and anticipating index provider MSCI's bigger inclusion of Chinese equities in its global benchmarks.

The Shanghai Composite Index rose 0.6 percent to 2,909.91, with CNY227.3 billion (USD32.9 billion) worth of shares changing hands. The Shenzhen Component Index finished 0.6 percent higher at 9,035.69 points on a trading volume of CNY272.3 billion. The tech-heavy ChiNext Index climbed 0.9 percent on a turnover of CNY86.2 billion. 

MSCI will raise the weighting of Chinese large-cap stocks to 10 percent from 5 percent after today's market close. This will lift the number of Chinese equities in the clutch to 264.  

Editor: Emmi Laine