Among the heavyweights in the OMXS30 index, mining group Boliden suffered the most, ended down 3.3 percent. Telia also had a hard time, losing 2.9 percent.
The OMXS30 index fell 1 percent on Friday and is up 2.7 percent since the turn of the year.
European markets were also weak on Monday, with London, Paris and Frankfurt closing in the red.
Oil prices were hovering around $109 per barrel at 5:30 p.m., the highest level in over two weeks.
Later this week, a number of reports will come from the tech giants on Wall Street.
