BEIJING, Oct. 9 (Xinhua) -- Chinese share prices continued to rise on Tuesday with the benchmark Shanghai Composite Index closing well above 5,700 points.

    The index, which tracks both A and B shares listed on the Shanghai Stock Exchange, rose 23.13 points, or 0.41 percent, to end the day at 5,715.89 points.

    The market experienced fluctuations in the morning, following a2.53-percent rise a day earlier, however, it rebounded in the afternoon on the strong performances of major heavyweights.

    The share price of Sinopec, the country's largest oil refiner, rose 2.13 percent to close at 19.64 yuan per share. China Ping An closed the day at 143.96 yuan per share, up 1.82 percent.

    Shenhua Group, the nation's largest coal producer, saw its share price jump 87.35 percent on its debut in Shanghai to close at 69.3 yuan per share, compared with its initial public offering price of 36.99 yuan.

    Shenhua raised a record 66.58 billion yuan (8.9 billion U.S. dollars) from the A-share market, making it the largest ever stock listing on the mainland market.

    The IPO earnings of Shenhua exceeded those of China Construction Bank (CCB), the country's second largest commercial lender by assets, which raised 58.05 billion yuan from its A share IPO in September.

    The coal firm also set a new record by receiving 2.67 trillion yuan in subscriptions for the share sale, surpassing CCB's 2.26 trillion yuan.

    Analysts said the string of IPOs would help stabilize the market by providing a greater stock supply as heavyweight stocks have a larger share in the market.

    Statistics show that another 170 billion yuan (22.6 billion U.S. dollars) was added to the A share accounts in September, despite two super IPOs of CCB and Shenhua, elevating the capital ready for investment on the A share market to a high of 1.47 trillion yuan (195.5 billion U.S. dollars).

    The Shenzhen Component Index on the smaller market ended higher at 19,318.17 points, up 85.82 points, or 0.45 percent, from the previous close.

    The combined turnover on the two bourses dipped to 235.2 billion yuan (31.3 billion U.S. dollars) from 239.4 billion yuan (31.8 billion U.S. dollars) on the previous trading day.