Of the 30 most traded stocks on Stockholm's OMXS30 index, 25 fell.
The heaviest fall was for the defense group Saab, down 3.3 percent. Wallenberg Circle venture capital company EQT and engineering company Atlas Copco both fell 3.2 percent.
Three of the five major companies that rose were Swedbank, Handelsbanken and Nordea.
At the close in Stockholm, the stock exchanges in Frankfurt, London and Paris also fell, as did all three major indexes in New York.
The background to the decline - and the fact that Swedish banks are resisting - is the wave of rising market interest rates that is now visible globally.
The Japanese ten-year government bond yield reached its highest level since 1996 on Thursday. In Sweden, the ten-year rate rose to its highest level since 2011, as did the German yield.
The US has already suffered through a few weeks of rising interest rates, and that will continue on Tuesday.
The stock market sentiment is also being worsened by reports that two supertankers loaded with Saudi crude oil were hit after leaving the Strait of Hormuz.
The futures price for North Sea oil (Brent) has risen 2.3 percent during the day to $92.60 per barrel.
