Why the JB Hi-Fi (ASX:JBH) share price surged 19% in March

The JB Hi-Fi Limited (ASX: JBH) share price was on fire in March. Shares in the Aussie electronics retailer soared 19.3% higher to close the month at $51.10

Why the JB Hi-Fi share price soared higher in March

The S&P/ASX 200 Index (ASX: XJO) finished the month on a strong note as JB Hi-Fi announced a new partnership with Zip Co Ltd (ASX: Z1P). Zip will provide a fully integrated payments solution for both JB Hi-Fi and The Good Guys stores.

The JB Hi-Fi share price managed to surge higher throughout the month as a strong corporate earnings season continued the momentum into March. 

JB Hi-Fi itself had a strong half-year results release on February 15. For the six months ended 31 December 2020, JB Hi-Fi reported a 23.7% jump…