** Shares of Kip McGrath Education Centres Ltd KME.AX up rise as much as 22.6% to A$0.515, their highest level since late February
** The after-school tuition services provider says it will cease funding for and exit from its loss-making U.S. business
** Stock set for strongest intraday session since August 21, 2024, if gains hold
** Stock last up 19%, bringing YTD gains to 3.3%
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com))
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