Singapore's Straits Times Index remained flat on Friday ahead of a key US labor market report, while the European Central Bank (ECB) cut lending rates for the first time since 2019.

During the day, the benchmark Singapore Strait Times Index ranged between 3,328.79 and 3,347.95, ending 0.00% or 0.04 points lower at 3,330.77.

In company news, shares of Singapore Institute of Advanced Medicine (SGX:9G2) zoomed 18% after it entered into a binding term sheet with EnGeneIC for the manufacture and distribution of anti-cancer products.

RH Petrogas' (SGX:T13) 82.65% owned company, Petrogas Basin, along with Satuan Kerja Khusus, Regent of Sorong and PetroChina (SHA:601857, HKG:0857), have been ordered by the supreme court to compensate a plaintiff with a sum of 26.5 billion rupiah and hand over land from an acquisition in 2001. Its shares closed 1% higher.

Shares of Datapulse Technologies (SGX:BKW) were up over 4%, as its chief financial officer, Yeo Sock Koon, stepping down from her position, effective Aug. 2.