Chinese stocks closed lower Monday with the major index hitting a 3-month low, led by profit-taking on bluechip shares.

The benchmark Shanghai Composite Index went down 0.94 percent to close at 3,322.23 points while the Shenzhen Component Index closed 1.92 percent lower at 10,954.18 points.

Combined turnover on the two bourses stood at 431.4 billion yuan (about 65.5 billion U.S. dollars), slightly down from 440.2 billion yuan the previous trading day.

Shares with large market capitalization suffered the most as investors took profits from previous gains. China United Network Communications, the Shanghai-listed arm of major telecom carrier China Unicom, saw its shares slump 8.48 percent.

Shares of Kweichow Moutai, China's top liquor brand, dipped 1.39 percent following winning streaks in the past few months.

BGI Genomics, a gene sequencing firm that was listed on the Shenzhen Stock Exchange in mid-July, saw its shares tumble 8.35 percent.

Bucking the trend, shares in the steel and cement industries saw widespread gains after official data showed that major companies in these industries added more profits.

Industrial companies with annual revenue of more than 20 million yuan (about 3.03 million U.S. dollars) reported profits of 6.25 trillion yuan in the first 10 months, a 23.3-percent increase from one year earlier, the National Bureau of Statistics said in a statement.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 1.22 percent to close at 1,760.9 points.