BEIJING, September 5 (InfoChina) – Thanks to investors’ support to Sinopec’s split share structure reform scheme and expectation for further product oil price rises, Sinopec’s (NYSE:SNP, SH: 600028) A-share price is probably to jump some 5% to 6.45 yuan, from the previous close before announcement of the reform scheme of 6.14 yuan on August 18, said Hou Jixiong, an analyst with Guotai Jun’an Securities.

Trading of the A-shares of Asia’s largest oil refiner Sinopec has been suspended since August 21 as the company began to discuss with holders of tradable A-shares about its proposed 2.8-for-10 bonus shares scheme.

       A 5% jump is also possible considering that the benchmark Shanghai Stock Exchange Composite Index buoyed 4.13% from the close of 1598 points on August 18 to 1664 points on September 5 (Tuesday).