Singapore shares closed the week higher, with a modest uptick building on yesterday's powerful 1.3% surge, which saw the index crossing the 5,000 mark on Thursday.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,993.43 and 5,024.57 throughout the day. It ended the session at 5,017.60, up 16.04 points or 0.3% compared to Thursday's close.

On the corporate front, shares of OUE REIT (SGX:TS0U) were up over 4% at the close after the REIT said that its subsidiary, OUB Centre, which holds an 81.54% stake in One Raffles Place, is conducting an exercise with United Overseas Bank (SGX:U11) to assess market interest in the property.

Nera Telecommunications (SGX:N01) shares closed over 4% higher as it secured a three-year contract worth around SG$2.4 million from an institutional asset manager.

Meanwhile, shares of iX Biopharma (SGX:42C) were up over 2% at the close as it received in-principle approval from the Singapore Exchange Securities Trading for the listing and quotation of up to 75.8 million shares to raise around SG$6 million.