Singapore shares closed higher on Friday with the city-stat reporting a 1.6% increase in its manufactured products price in July.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,259.55 and 4,277.39 throughout the day. It ended the session at 4,269.70, up 15.92 points or 0.37% compared to Thursday's close.

China Aviation up 3%; Seatrium, YZJ Fin Hldg up around 2%; SIA Engineering, Keppel DC Reit up over 1%; HPL, Centurion down over 1%.

In economic news, Singapore's Manufactured Products Price Index rose 1.6% year over year in July, following a 0.1% decrease in June, the Department of Statistics reported.

Meanwhile, Singapore's Import Price Index fell 6.1% year on year in July, extending a 6.4% decrease in the preceding month, the Department of Statistics reported.

In company news, shares of Guocoland were down over 1% as its attributable profit to equity holders dropped 48% during the fiscal second half of the year ended June 30 to SG$32.4 million from SG$62.4 million a year earlier.

Civmec's shares were up nearly 3% as its attributable profit to owners of the company declined to AU$16.0 million during the fiscal second half of the year ended June 30, from AU$32.5 million a year earlier.

Meanwhile, Mapletree Pan Asia Commercial Trust shares were up nearly 1% at the close after it completed the divestment of two office buildings in Japan.