Chinese equities rose slightly Wednesday with the benchmark gauge up 0.16 percent, but heavyweights in energy, real estate and financial stocks posted widespread losses.

The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,166.18 points, up 4.93 points.

The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 12,557.7 points, up 45.8 points, or 0.37 percent, from the previous close.

Total turnover shrank to 248.5 billion yuan (36.4 billion U.S. dollars) from 339.3 billion yuan on the previous trading day.

China is scheduled to announce a series of major economic data for the first quarter Thursday.