PLDT shares plunge 19.35%

By Ed Paolo Salting

Dec 20, 2022 12:46 am

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.

CONTRIBUTED PHOTO

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