PLDT shares plunged by nearly 20 percent at the start of the week following Friday's announcement of a P48-billion "budget overrun" and a looming management shakeup.

The company — the country's largest telecommunications firm — saw its stock price drop by 19.35 percent or P286 to P1,192. Monday's close was also nearly 40 percent less than the stock's 52-week high of P1,984.

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