By Shashwat Pradhan
Jan 6 (Reuters) - Australian shares were flat on Friday as investors took a cautious stance ahead of the closely-watched U.S. jobs report due out later, with declines in materials capping gains in industrials and telecom stocks.
The S&P/ASX 200 index .AXJO ticked 0.1 percent higher, or 6.6 points to 5,759.9 by 0110 GMT, its highest since June 2015.
The index was poised for a third-straight weekly gain in what would be its longest streak of weekly gains since July last year.
The market is bracing for Friday's U.S. non-farm payrolls report in which economists expected jobs gains of 178,000 in December, after the same gain in November. they come out with really bad numbers then it is likely that it will cause a bit of a panic in Australia because they will think it is the end of the run," said Tony Cunningham from Cunningham Peterson Sharbanee Securities.
Australian gold index .AXGD rose after the yellow metal climbed to its highest price in one month on Thursday. GOL/ Gold producer Newcrest Mining NCM.AX drove the gains, advancing as much as 2.3 percent to hit a seven-week high.
Australian rubber products maker Ansell Ltd ANN.AX jumped as much as 2.9 percent to touch its highest in 17 months.
Telecom giant Telstra Ltd TLS.AX extended gains into a fourth-straight session, rising 0.9 percent to vault to a four-month high.
Aconex Ltd ACX.AX and Transurban Group TCL.AX were the other big gainers, rising 2.4 percent and 1.3 percent, respectively.
At the other end, materials was the biggest drag on the index. Global miner Rio Tinto (LON:RIO) Ltd RIO.AX nudged lower 0.3 percent while South32 Ltd S32.AX slipped 1.2 percent.
Amusement park owner Ardent Leisure AAD.AX slumped as much as 6.7 percent to record its biggest intraday percentage loss in more than two months, before paring some of the losses, after it reported a sales drop following a fatal accident at its Dreamworld theme park.
New Zealand's benchmark S&P/NZX 50 index .NZ50 inched lower 0.1 percent, or 5.2 points, to 6,970.4 after rising to a two-month high earlier in the session.
The index is poised to rise 1.3 percent this week.
Gains in utilities and telecom stocks were offset by declines in industrials and healthcare.
Tegel Group Ltd TGH.NZ and Sky Network Television Ltd SKT.NZ were among the top percentage gainers on the benchmark, rising 1.4 percent and 1.5 percent respectively.
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